Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) insider Jonathan Leiken sold 177 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $75.56, for a total value of $13,374.12. Following the transaction, the insider now owns 23,704 shares of the company's stock, valued at approximately $1,791,074.24. This represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dollar Tree Stock Down 4.3 %
DLTR stock traded down $3.14 during midday trading on Tuesday, hitting $69.70. The company's stock had a trading volume of 8,336,524 shares, compared to its average volume of 3,798,483. The company has a market cap of $14.99 billion, a PE ratio of -14.61, a P/E/G ratio of 2.16 and a beta of 0.87. The firm's 50-day moving average is $70.95 and its 200-day moving average is $70.28. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $131.42. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted $2.55 EPS. Dollar Tree's revenue was up .7% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
DLTR has been the subject of several research reports. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $103.00 in a report on Monday. Telsey Advisory Group increased their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. UBS Group lowered 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. Bank of America reduced their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday. Finally, Guggenheim lowered their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $81.84.
Check Out Our Latest Research Report on Dollar Tree
Institutional Investors Weigh In On Dollar Tree
A number of hedge funds have recently added to or reduced their stakes in DLTR. Vanguard Group Inc. increased its position in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after acquiring an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Dollar Tree by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock valued at $743,461,000 after purchasing an additional 533,920 shares during the last quarter. State Street Corp increased its position in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after purchasing an additional 596,191 shares during the last quarter. Capital International Investors lifted its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the period. Finally, EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after buying an additional 1,000,637 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Dollar Tree Company Profile
(
Get Free Report)
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.
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