TD Waterhouse Canada Inc. Has $2.66 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

TD Waterhouse Canada Inc. reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 39.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,499 shares of the company's stock after selling 23,530 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Dollar Tree were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Dollar Tree by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after buying an additional 163,368 shares during the period. Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dollar Tree by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock valued at $381,964,000 after purchasing an additional 222,352 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Dollar Tree by 784.2% during the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after buying an additional 3,882,324 shares during the last quarter. Finally, Primecap Management Co. CA grew its position in Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after acquiring an additional 947,580 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $0.83 during trading on Tuesday, hitting $81.00. 966,868 shares of the stock were exchanged, compared to its average volume of 3,990,268. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17. The company has a market cap of $17.42 billion, a PE ratio of -16.97, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a fifty day moving average price of $72.05 and a two-hundred day moving average price of $70.95. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

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

Insider Activity

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares of the company's stock, valued at $103,275. The trade was a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

DLTR has been the subject of a number of analyst reports. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research report on Thursday, March 27th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Wells Fargo & Company upped their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Bank of America dropped their price target 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, Evercore ISI increased their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average target price of $81.84.

Dollar Tree 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.