Insider Selling: Dollar Tree, Inc. (NASDAQ:DLTR) Insider Sells 827 Shares of Stock

Dollar Tree, Inc. (NASDAQ:DLTR) insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dollar Tree Stock Up 1.7 %

Shares of Dollar Tree stock opened at $105.21 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a twelve month low of $101.85 and a twelve month high of $154.96. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of -22.92, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The company has a fifty day moving average price of $115.42 and a 200 day moving average price of $128.79.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post 6.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors have recently made changes to their positions in DLTR. Envestnet Portfolio Solutions Inc. acquired a new stake in Dollar Tree in the third quarter valued at $575,000. Dark Forest Capital Management LP increased its stake in Dollar Tree by 85.5% during the third quarter. Dark Forest Capital Management LP now owns 5,974 shares of the company’s stock valued at $636,000 after purchasing an additional 2,754 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Dollar Tree by 27.8% during the third quarter. Stifel Financial Corp now owns 83,064 shares of the company’s stock worth $8,842,000 after purchasing an additional 18,082 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of Dollar Tree by 17.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,760 shares of the company’s stock worth $294,000 after buying an additional 418 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Dollar Tree in the 3rd quarter valued at about $34,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLTR has been the topic of several recent research reports. KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective on the stock in a research note on Wednesday, May 1st. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Citigroup cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and dropped their target price for the company from $163.00 to $120.00 in a report on Thursday, June 6th. Gordon Haskett cut Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Moderate Buy” and a consensus target price of $141.79.

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.