Toronto Dominion Bank Has $11.16 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Toronto Dominion Bank lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 14.7% during the second quarter, Holdings Channel.com reports. The firm owned 104,563 shares of the company’s stock after selling 17,961 shares during the period. Toronto Dominion Bank’s holdings in Dollar Tree were worth $11,164,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in Dollar Tree during the 4th quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the second quarter valued at about $26,000. United Community Bank bought a new stake in shares of Dollar Tree during the fourth quarter worth about $27,000. Register Financial Advisors LLC acquired a new stake in shares of Dollar Tree in the 1st quarter worth about $28,000. Finally, Mather Group LLC. lifted its position in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DLTR. Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Telsey Advisory Group lowered their price target on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, KeyCorp cut their price target on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.40.

Dollar Tree Stock Performance

Shares of DLTR opened at $73.12 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market cap of $15.72 billion, a PE ratio of -15.93, a PEG ratio of 3.04 and a beta of 0.87. Dollar Tree, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21. The stock’s fifty day moving average price is $88.03 and its two-hundred day moving average price is $107.72.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.33 EPS for the current 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.