Dollar Tree, Inc. (NASDAQ:DLTR) Insider Sells $13,374.12 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR) 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 sale, the insider now directly owns 23,704 shares in the company, valued at approximately $1,791,074.24. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dollar Tree Trading Up 0.5 %

Dollar Tree stock opened at $67.55 on Friday. 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 current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $14.53 billion, a PE ratio of -14.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm has a 50 day simple moving average of $71.19 and a 200-day simple moving average of $70.34.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly 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). The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 earnings per share. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Evercore ISI increased their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. Guggenheim decreased 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. Truist Financial set a $84.00 target price on Dollar Tree in a report on Thursday, March 27th. Finally, Telsey Advisory Group raised their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, March 27th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.00.

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently made changes to their positions in the business. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after buying an additional 157 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after acquiring an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock worth $508,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.