Dollar Tree, Inc. (NASDAQ:DLTR) Director Purchases $52,575.00 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dollar Tree Trading Down 1.5 %

Shares of Dollar Tree stock traded down $1.11 during midday trading on Tuesday, reaching $71.73. 3,560,250 shares of the company's stock traded hands, compared to its average volume of 3,774,299. The company has a market cap of $15.43 billion, a PE ratio of -14.95, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The stock has a 50 day moving average of $71.15 and a 200-day moving average of $70.29. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $131.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the firm posted $2.55 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. GAMMA Investing LLC raised its holdings in Dollar Tree by 5,689.5% in the first quarter. GAMMA Investing LLC now owns 329,482 shares of the company's stock worth $24,734,000 after purchasing an additional 323,791 shares in the last quarter. Versant Capital Management Inc lifted its position in Dollar Tree by 330.9% during the 1st quarter. Versant Capital Management Inc now owns 1,741 shares of the company's stock valued at $131,000 after acquiring an additional 1,337 shares during the period. Kera Capital Partners Inc. boosted its stake in Dollar Tree by 10.5% during the first quarter. Kera Capital Partners Inc. now owns 3,352 shares of the company's stock worth $252,000 after acquiring an additional 318 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Dollar Tree by 2.8% in the first quarter. Confluence Investment Management LLC now owns 291,186 shares of the company's stock worth $21,859,000 after purchasing an additional 7,919 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 121.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after purchasing an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research analyst reports. Bank of America dropped their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, UBS Group cut their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $81.84.

About Dollar Tree

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.