Dollar Tree, Inc. (DLTR) Director Sells $1,345,386.00 in Stock
Dollar Tree, Inc. (NASDAQ:DLTR) Director Thomas A. Saunders sold 12,440 shares of Dollar Tree stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the completion of the sale, the director now directly owns 2,326,702 shares in the company, valued at approximately $251,632,821.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $108.67 on Monday. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $108.90. The stock has a market capitalization of $25,765.28, a P/E ratio of 24.87, a PEG ratio of 1.70 and a beta of 0.64. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. equities research analysts expect that Dollar Tree, Inc. will post 4.85 EPS for the current year.
A number of analysts recently issued reports on DLTR shares. Cleveland Research raised Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Wednesday, October 11th. Raymond James Financial dropped coverage on Dollar Tree in a research report on Saturday, August 26th. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group started coverage on Dollar Tree in a research report on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price on the stock. Eleven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Dollar Tree has an average rating of “Buy” and a consensus price target of $101.13.
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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