Dollar Tree, Inc. (NASDAQ:DLTR) Director William W. Douglas III Buys 701 Shares

Dollar Tree, Inc. (NASDAQ:DLTR) Director William W. Douglas III bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dollar Tree Stock Up 0.5 %

Shares of DLTR stock opened at $67.55 on Friday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve 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. The stock has a 50 day moving average of $71.19 and a 200 day moving average of $70.34. The stock has a market cap of $14.53 billion, a P/E ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business posted $2.55 EPS. Dollar Tree’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company raised their price target on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research note on Thursday, March 27th. Guggenheim dropped their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Loop Capital restated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $81.00.

Institutional Trading of Dollar Tree

Several large investors have recently made changes to their positions in DLTR. Janus Henderson Group PLC grew its holdings in Dollar Tree by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after buying an additional 165,398 shares in the last quarter. Investment Management Corp of Ontario grew its holdings in shares of Dollar Tree by 42.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company’s stock worth $472,000 after purchasing an additional 2,000 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Dollar Tree in the 3rd quarter valued at about $3,769,000. Quadrature Capital Ltd raised its holdings in Dollar Tree by 831.1% in the 3rd quarter. Quadrature Capital Ltd now owns 69,499 shares of the company’s stock valued at $4,887,000 after buying an additional 62,035 shares during the period. Finally, Stifel Financial Corp lifted its position in Dollar Tree by 23.0% in the third quarter. Stifel Financial Corp now owns 117,648 shares of the company’s stock valued at $8,273,000 after buying an additional 21,985 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

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.