Insider Selling: David Jacobs Sells 4,300 Shares of Dollar Tree Stock (DLTR)
Dollar Tree (NASDAQ:DLTR) Insider David Jacobs sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $58.17, for a total value of $250,131.00. Following the sale, the insider now directly owns 17,707 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DLTR has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $60.00 to $63.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $60.00 to $67.00 in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $63.00 to $70.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $58.35.
Dollar Tree (NASDAQ:DLTR) traded down 0.84% during mid-day trading on Friday, hitting $58.00. 2,220,436 shares of the company’s stock traded hands. Dollar Tree has a one year low of $37.12 and a one year high of $58.69. The stock’s 50-day moving average is $53.75 and its 200-day moving average is $50.30. The company has a market cap of $12.934 billion and a P/E ratio of 20.67.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.51 earnings per share. Dollar Tree’s revenue was up 8.8% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post $2.81 earnings per share for the current fiscal year.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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