Toronto Dominion Bank Purchases 173,765 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Toronto Dominion Bank raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 227.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,259 shares of the company's stock after acquiring an additional 173,765 shares during the period. Toronto Dominion Bank owned about 0.12% of Dollar Tree worth $18,754,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after buying an additional 157 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares during the period. Finally, Metis Global Partners LLC lifted its stake in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after acquiring an additional 220 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Douglas III bought 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on DLTR. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Bank of America decreased their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group dropped their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $82.68.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $86.61 on Tuesday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. The stock has a market cap of $18.63 billion, a PE ratio of -18.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company's fifty day moving average price is $76.26 and its 200-day moving average price is $72.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $2.55 earnings per share. On average, equities analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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