Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) insider Jonathan Leiken sold 177 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $75.56, for a total value of $13,374.12. Following the completion of the transaction, the insider now directly owns 23,704 shares in the company, valued at $1,791,074.24. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Dollar Tree Stock Down 13.3 %
DLTR stock opened at $67.22 on Friday. The company has a market capitalization of $14.46 billion, a P/E ratio of -14.09, a PEG ratio of 2.16 and a beta of 0.87. The firm has a 50 day simple moving average of $71.29 and a 200-day simple moving average of $70.39. 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, Inc. has a twelve month low of $60.49 and a twelve month high of $135.94.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during 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. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on DLTR shares. Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Telsey Advisory Group lifted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Finally, Piper Sandler restated a "neutral" rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $81.00.
Read Our Latest Stock Analysis on DLTR
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new stake in Dollar Tree during the fourth quarter worth about $520,000. Empower Advisory Group LLC raised its position in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after purchasing an additional 100,676 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $448,000. Entropy Technologies LP acquired a new position in Dollar Tree during the 4th quarter valued at approximately $2,173,000. Finally, Alberta Investment Management Corp boosted its position in Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after purchasing an additional 67,100 shares during the period. Institutional investors own 97.40% of the company's stock.
About Dollar Tree
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
