Dollar Tree, Inc. (DLTR) Director Sells $3,588,975.00 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the transaction, the director now directly owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded down $0.76 during midday trading on Friday, reaching $107.31. 1,370,891 shares of the company traded hands, compared to its average volume of 2,017,987. The stock has a market cap of $25,623.02, a price-to-earnings ratio of 25.55, a PEG ratio of 1.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $110.86.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. research analysts predict that Dollar Tree, Inc. will post 4.85 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Atlantic Trust Group LLC boosted its stake in Dollar Tree by 3.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 271,056 shares of the company’s stock worth $23,533,000 after purchasing an additional 8,356 shares during the last quarter. Shelton Capital Management boosted its stake in Dollar Tree by 3.7% during the 3rd quarter. Shelton Capital Management now owns 19,391 shares of the company’s stock worth $1,684,000 after purchasing an additional 685 shares during the last quarter. Greenlight Capital Inc. acquired a new stake in Dollar Tree during the 3rd quarter worth $7,631,000. IFM Investors Pty Ltd acquired a new stake in Dollar Tree during the 3rd quarter worth $585,000. Finally, Alkeon Capital Management LLC boosted its stake in Dollar Tree by 8.2% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock worth $223,210,000 after purchasing an additional 195,000 shares during the last quarter. 89.73% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on DLTR. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Wednesday, October 11th. BidaskClub cut shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Royal Bank of Canada set a $92.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group began coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price for the company. Eleven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $101.13.

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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.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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