Dollar Tree, Inc. (DLTR) CEO Sells $3,162,291.00 in Stock
Dollar Tree, Inc. (NASDAQ:DLTR) CEO Bob Sasser sold 40,029 shares of the business’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $79.00, for a total transaction of $3,162,291.00. Following the completion of the sale, the chief executive officer now directly owns 65,070 shares of the company’s stock, valued at approximately $5,140,530. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.99% on Thursday, reaching $79.57. 4,098,646 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $76.36 and a 200-day moving average price of $78.57. The company has a market capitalization of $18.80 billion, a PE ratio of 21.05 and a beta of 0.62. Dollar Tree, Inc. has a 1-year low of $72.55 and a 1-year high of $99.93.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.07. The business earned $5.64 billion during the quarter, compared to analyst estimates of $5.62 billion. Dollar Tree had a return on equity of 17.15% and a net margin of 3.93%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, equities research analysts anticipate that Dollar Tree, Inc. will post $4.46 earnings per share for the current year.
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Several brokerages have issued reports on DLTR. Credit Suisse Group AG set a $73.00 target price on shares of Dollar Tree and gave the stock a “sell” rating in a research note on Thursday, March 2nd. MKM Partners reaffirmed a “neutral” rating and set a $84.00 target price on shares of Dollar Tree in a research note on Tuesday, February 28th. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Royal Bank of Canada set a $95.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Monday, April 3rd. Finally, Loop Capital reaffirmed a “hold” rating and set a $80.00 target price on shares of Dollar Tree in a research note on Tuesday, February 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Dollar Tree presently has an average rating of “Hold” and a consensus price target of $87.19.
Hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Dollar Tree during the third quarter valued at $134,000. Quadrant Capital Group LLC raised its stake in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock valued at $134,000 after buying an additional 134 shares during the period. Ballentine Partners LLC raised its stake in shares of Dollar Tree by 15.9% in the third quarter. Ballentine Partners LLC now owns 2,592 shares of the company’s stock valued at $204,000 after buying an additional 355 shares during the period. Independent Advisor Alliance purchased a new stake in shares of Dollar Tree during the fourth quarter valued at $225,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Dollar Tree during the fourth quarter valued at $235,000. Institutional investors and hedge funds own 93.78% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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