Richard L. Mcneely Sells 21,026 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) CMO Richard L. Mcneely sold 21,026 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the transaction, the chief marketing officer now directly owns 50,419 shares in the company, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Dollar Tree Trading Down 0.7%

Shares of DLTR stock opened at $93.85 on Tuesday. The firm has a market capitalization of $19.59 billion, a P/E ratio of -19.68, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $111.96. The firm’s fifty day simple moving average is $82.81 and its 200 day simple moving average is $75.68. 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 (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors have recently added to or reduced their stakes in DLTR. Assetmark Inc. raised its holdings in 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 acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares during the period. Brooklyn Investment Group increased its position in shares of Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree in the first quarter valued at $30,000. Finally, Parkside Financial Bank & Trust lifted its position in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLTR. Cfra Research upgraded shares of Dollar Tree to a “hold” rating in a research note on Wednesday, May 28th. Wells Fargo & Company set a $105.00 target price on shares of Dollar Tree and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. UBS Group increased their price objective on Dollar Tree from $95.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Morgan Stanley upped their target price on Dollar Tree from $80.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.26.

About Dollar Tree

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.