Toronto Dominion Bank boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,410 shares of the company’s stock after acquiring an additional 12,154 shares during the quarter. Toronto Dominion Bank’s holdings in Dollar Tree were worth $11,312,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Exane Derivatives bought a new position in Dollar Tree in the 4th quarter worth about $104,000. Cerebellum GP LLC bought a new position in Dollar Tree in the 4th quarter worth about $127,000. Advisory Services Network LLC increased its stake in Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares during the last quarter. FTB Advisors Inc. increased its stake in Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth about $150,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
A number of equities analysts have recently issued reports on DLTR shares. Royal Bank of Canada set a $92.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, October 31st. BMO Capital Markets reiterated a “hold” rating and issued a $90.00 price objective on shares of Dollar Tree in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $118.00 price objective on shares of Dollar Tree in a report on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $106.31.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $107.96 on Friday. The firm has a market capitalization of $25,741.57, a PE ratio of 25.70, a P/E/G ratio of 1.41 and a beta of 0.71. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $116.65. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. Dollar Tree’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS. equities analysts predict that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.
In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the transaction, the director now owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the transaction, the director now directly owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. Insiders have sold a total of 143,132 shares of company stock valued at $14,679,180 in the last ninety days. 4.10% of the stock is currently owned by corporate 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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