Dollar Tree, Inc. (NASDAQ:DLTR) insider Duncan C. Macnaughton sold 9,157 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $102.11, for a total transaction of $935,021.27. Following the completion of the sale, the insider now directly owns 9,945 shares in the company, valued at approximately $1,015,483.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Dollar Tree stock traded up $0.39 during midday trading on Friday, hitting $102.61. 79,381 shares of the company’s stock were exchanged, compared to its average volume of 2,275,096. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.07 and a quick ratio of 0.23. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $111.61. The stock has a market cap of $23.83 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.93 and a beta of 0.52.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the prior year, the business earned $1.19 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that Dollar Tree, Inc. will post 5.2 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Executive Wealth Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 47.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after buying an additional 97 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in shares of Dollar Tree by 52.5% in the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after buying an additional 105 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $31,000. Finally, Riverview Trust Co bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $32,000. Institutional investors own 94.20% of the company’s stock.
Several equities research analysts have recently weighed in on DLTR shares. Wolfe Research started coverage on shares of Dollar Tree in a research note on Monday, February 11th. They issued a “market perform” rating on the stock. Raymond James set a $107.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a report on Tuesday, February 26th. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Telsey Advisory Group restated a “market perform” rating and issued a $103.00 price target (up from $90.00) on shares of Dollar Tree in a report on Thursday, March 7th. Finally, Piper Jaffray Companies upped their price target on shares of Dollar Tree to $113.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.33.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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