Dollar Tree, Inc. (NASDAQ:DLTR) Insider Sells $17,069.50 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR) insider Robert Aflatooni sold 175 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $97.54, for a total transaction of $17,069.50. Following the completion of the sale, the insider now directly owns 23,205 shares in the company, valued at $2,263,415.70. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dollar Tree Trading Up 0.8%

NASDAQ DLTR opened at $99.45 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $109.36. The stock has a market capitalization of $20.76 billion, a PE ratio of -7.18, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The firm has a 50 day moving average of $89.08 and a two-hundred day moving average of $77.75.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DLTR. Assetmark Inc. boosted 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 valued at $26,000 after buying an additional 149 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after buying an additional 346 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree in the 1st quarter valued at $30,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DLTR shares. Wells Fargo & Company set a $105.00 price target on shares of Dollar Tree and gave the company an “overweight” rating in a research note on Monday, June 2nd. Morgan Stanley upped their target price on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 5th. Truist Financial upped their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Evercore ISI upped their target price on shares of Dollar Tree from $92.00 to $94.00 and gave the stock an “in-line” rating in a research note on Tuesday. Finally, Bank of America cut their target price on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $90.37.

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.