TIAA Trust National Association Raises Position in Dollar Tree, Inc. (NASDAQ:DLTR)

TIAA Trust National Association increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 14.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,130 shares of the company’s stock after purchasing an additional 276 shares during the period. TIAA Trust National Association’s holdings in Dollar Tree were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DLTR. Capital World Investors grew its holdings in Dollar Tree by 2.8% during the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after acquiring an additional 487,180 shares during the period. Capital International Investors grew its stake in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. FIL Ltd increased its holdings in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Dollar Tree by 14.0% during the first quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after buying an additional 348,442 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.9 %

Shares of NASDAQ DLTR opened at $66.50 on Friday. The stock has a market capitalization of $14.29 billion, a PE ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $97.85 and a 200-day moving average of $115.16. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, analysts anticipate that Dollar Tree, Inc. will post 6.46 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp lowered their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup dropped their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday. Piper Sandler reduced their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday. Telsey Advisory Group dropped their price objective on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Morgan Stanley cut their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.00.

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.