Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Dollar Tree Trading Up 2.0 %
DLTR opened at $73.21 on Thursday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $125.20. 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 $15.75 billion, a PE ratio of -15.35, a P/E/G ratio of 2.16 and a beta of 0.87. The firm's fifty day moving average price is $70.80 and its 200 day moving average price is $70.33.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.55 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.
Institutional Investors Weigh In On Dollar Tree
Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Assetmark Inc. boosted its holdings in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after buying an additional 157 shares during the period. Checchi Capital Advisers LLC grew 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 buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in Dollar Tree by 3.4% in the fourth 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. 97.40% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on DLTR. Guggenheim lowered their price objective on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, UBS Group decreased their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. One 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $81.84.
Read Our Latest Research Report on DLTR
About Dollar Tree
(
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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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