Dollar Tree, Inc. (DLTR) Insider Mike R. Matacunas Sells 2,975 Shares
Dollar Tree, Inc. (NASDAQ:DLTR) insider Mike R. Matacunas sold 2,975 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $104.82, for a total transaction of $311,839.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Dollar Tree, Inc. (DLTR) traded down $1.38 during trading hours on Thursday, hitting $102.76. 4,236,620 shares of the company traded hands, compared to its average volume of 2,754,947. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $105.14. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $23,932.52, a PE ratio of 23.10, a PEG ratio of 1.59 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. research analysts predict that Dollar Tree, Inc. will post 4.84 EPS for the current year.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets set a $115.00 price target on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Saturday, November 25th. Barclays reaffirmed a “hold” rating and set a $100.00 price target on shares of Dollar Tree in a research note on Friday, November 24th. MKM Partners raised their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. Sanford C. Bernstein set a $87.00 price target on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Wednesday, November 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $115.00 price target (up from $98.00) on shares of Dollar Tree in a research note on Wednesday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.92.
ILLEGAL ACTIVITY NOTICE: “Dollar Tree, Inc. (DLTR) Insider Mike R. Matacunas Sells 2,975 Shares” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/30/dollar-tree-inc-dltr-insider-mike-r-matacunas-sells-2975-shares.html.
About Dollar Tree
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.
Receive News & Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.