Dollar Tree, Inc. (DLTR) Insider Gary M. Philbin Sells 9,950 Shares
Dollar Tree, Inc. (NASDAQ:DLTR) insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the sale, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up 0.67% on Friday, reaching $84.02. 1,070,778 shares of the company were exchanged. The stock’s 50-day moving average is $77.23 and its 200 day moving average is $76.00. The firm has a market capitalization of $19.90 billion, a PE ratio of 21.49 and a beta of 0.68. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $91.41.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. Dollar Tree’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. On average, analysts forecast that Dollar Tree, Inc. will post $4.66 EPS for the current year.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Loop Capital reaffirmed a “buy” rating and set a $88.00 price target (up from $86.00) on shares of Dollar Tree in a research report on Saturday, August 26th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research report on Saturday, August 26th. Finally, BMO Capital Markets set a $90.00 price target on shares of Dollar Tree and gave the stock a “market perform” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.04.
Large investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC lifted its position in Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the last quarter. Sun Life Financial INC lifted its position in Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Dollar Tree in the 1st quarter worth approximately $124,000. Citizens Financial Group Inc. RI lifted its position in Dollar Tree by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. lifted its position in Dollar Tree by 18.1% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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