Thomas A. Saunders Sells 1,000 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

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Dollar Tree, Inc. (NASDAQ:DLTR) Director Thomas A. Saunders sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $112.37, for a total transaction of $112,370.00. Following the completion of the transaction, the director now owns 2,379,315 shares of the company’s stock, valued at $267,363,626.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ DLTR opened at $112.43 on Friday. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.17 and a beta of 0.53. Dollar Tree, Inc. has a 12-month low of $78.78 and a 12-month high of $113.38. The business’s fifty day moving average is $106.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 1.07.

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. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. Dollar Tree’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.2 EPS for the current year.

DLTR has been the subject of several recent research reports. Zacks Investment Research cut shares of Hanger from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. BMO Capital Markets set a $275.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, May 31st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $760.00 price objective (up from $755.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Credit Suisse Group reduced their price objective on shares of from GBX 145 ($1.89) to GBX 105 ($1.37) and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $214.00 price objective (up from $206.00) on shares of VMware in a research note on Friday, May 31st. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Buy” and a consensus price target of $104.24.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Executive Wealth Management LLC bought a new position in Dollar Tree during the fourth quarter worth $26,000. Parkside Financial Bank & Trust boosted its stake in Dollar Tree by 47.3% during the first quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in Dollar Tree by 52.5% during the first quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares in the last quarter. Bremer Bank National Association bought a new position in Dollar Tree during the first quarter worth $45,000. Finally, Icon Wealth Partners LLC bought a new position in Dollar Tree during the first quarter worth $62,000. 94.47% of the stock is currently owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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