Toronto Dominion Bank raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 53.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,696 shares of the company’s stock after buying an additional 23,166 shares during the period. Toronto Dominion Bank’s holdings in Dollar Tree were worth $5,233,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. IFC Holdings Incorporated FL increased its stake in Dollar Tree by 0.3% in the first quarter. IFC Holdings Incorporated FL now owns 4,797 shares of the company’s stock valued at $377,000 after buying an additional 15 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Dollar Tree by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 6,621 shares of the company’s stock worth $519,000 after buying an additional 35 shares in the last quarter. Huntington National Bank increased its position in shares of Dollar Tree by 0.6% in the third quarter. Huntington National Bank now owns 8,192 shares of the company’s stock worth $647,000 after buying an additional 45 shares in the last quarter. Nippon Life Insurance Co. increased its position in shares of Dollar Tree by 0.4% in the third quarter. Nippon Life Insurance Co. now owns 12,960 shares of the company’s stock worth $1,023,000 after buying an additional 57 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC increased its position in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.
Shares of Dollar Tree, Inc. (DLTR) traded up 0.69% during mid-day trading on Monday, hitting $70.55. The stock had a trading volume of 4,429,728 shares. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $99.93. The stock has a 50 day moving average price of $78.89 and a 200 day moving average price of $78.83. The firm has a market cap of $16.70 billion, a PE ratio of 19.33 and a beta of 0.67.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that Dollar Tree, Inc. will post $4.47 EPS for the current fiscal year.
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A number of equities research analysts recently commented on the stock. Citigroup Inc. lowered their price objective on shares of Dollar Tree from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, March 6th. Johnson Rice raised shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a research note on Monday, April 24th. Buckingham Research reaffirmed a “buy” rating and set a $101.00 price target on shares of Dollar Tree in a research note on Monday, February 27th. Deutsche Bank AG reissued a “buy” rating and issued a $96.00 target price on shares of Dollar Tree in a research report on Wednesday, February 22nd. Finally, Credit Suisse Group set a $73.00 target price on shares of Dollar Tree and gave the stock a “sell” rating in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $86.68.
In related news, CEO Bob Sasser sold 40,029 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $79.00, for a total transaction of $3,162,291.00. Following the transaction, the chief executive officer now directly owns 65,070 shares of the company’s stock, valued at approximately $5,140,530. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert H. Rudman sold 6,731 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $78.22, for a total value of $526,498.82. The disclosure for this sale can be found here. Insiders sold a total of 55,284 shares of company stock worth $4,349,237 over the last three months. 2.90% of the stock is owned by company insiders.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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