Insider Selling: Dollar Tree, Inc. (DLTR) Insider Sells 5,596 Shares of Stock
Dollar Tree, Inc. (NASDAQ:DLTR) insider David A. Jacobs sold 5,596 shares of Dollar Tree stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $88.25, for a total value of $493,847.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up 0.28% during trading on Friday, hitting $89.40. The company’s stock had a trading volume of 2,487,399 shares. The firm’s 50 day moving average is $82.25 and its 200-day moving average is $77.01. The company has a market capitalization of $21.17 billion, a P/E ratio of 22.87 and a beta of 0.70. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Analysts forecast that Dollar Tree, Inc. will post $4.68 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in DLTR. BlackRock Inc. grew its holdings in shares of Dollar Tree by 1,996.3% during the 1st quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock worth $1,131,717,000 after purchasing an additional 13,736,060 shares in the last quarter. FMR LLC grew its holdings in shares of Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after purchasing an additional 5,724,495 shares in the last quarter. Maverick Capital Ltd. grew its holdings in shares of Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after purchasing an additional 3,777,579 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Dollar Tree by 116.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,801,303 shares of the company’s stock worth $125,947,000 after purchasing an additional 967,500 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Dollar Tree by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after purchasing an additional 691,393 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 target price on shares of Dollar Tree in a report on Tuesday, July 4th. Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 target price for the company in a report on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 target price (up previously from $80.00) on shares of Dollar Tree in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a report on Tuesday, August 22nd. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $86.00 target price (up previously from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. Dollar Tree has a consensus rating of “Buy” and an average price target of $88.91.
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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