Lemuel E. Lewis Acquires 3,475 Shares of Dollar Tree, Inc. (DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director Lemuel E. Lewis purchased 3,475 shares of the company’s stock in a transaction on Friday, June 16th. The stock was acquired at an average price of $71.45 per share, with a total value of $248,288.75. Following the completion of the purchase, the director now directly owns 12,744 shares in the company, valued at $910,558.80. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Dollar Tree, Inc. (DLTR) traded down 0.55% during mid-day trading on Tuesday, reaching $70.16. The company’s stock had a trading volume of 1,058,174 shares. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $99.93. The firm’s 50 day moving average price is $78.54 and its 200 day moving average price is $78.57. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 19.22 and a beta of 0.67.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post $4.47 earnings per share for the current year.

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

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A number of research analysts have recently commented on the company. Gordon Haskett assumed coverage on Dollar Tree in a research report on Tuesday, May 9th. They set a “buy” rating and a $98.00 target price for the company. Deutsche Bank AG reiterated a “buy” rating and set a $96.00 target price on shares of Dollar Tree in a research report on Wednesday, February 22nd. BTIG Research reiterated a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research report on Monday, May 22nd. Loop Capital reiterated a “hold” rating and set a $80.00 target price on shares of Dollar Tree in a research report on Tuesday, February 28th. Finally, Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $86.68.

Large investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Dollar Tree by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,533 shares of the company’s stock valued at $1,044,000 after buying an additional 67 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Dollar Tree by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 758,373 shares of the company’s stock valued at $58,533,000 after buying an additional 4,469 shares in the last quarter. Tredje AP fonden increased its stake in Dollar Tree by 167.7% in the fourth quarter. Tredje AP fonden now owns 11,245 shares of the company’s stock valued at $868,000 after buying an additional 7,045 shares in the last quarter. Federated Investors Inc. PA increased its stake in Dollar Tree by 51.4% in the fourth quarter. Federated Investors Inc. PA now owns 13,065 shares of the company’s stock valued at $1,008,000 after buying an additional 4,435 shares in the last quarter. Finally, Redmond Asset Management LLC increased its stake in Dollar Tree by 7.5% in the fourth quarter. Redmond Asset Management LLC now owns 22,448 shares of the company’s stock valued at $1,733,000 after buying an additional 1,560 shares in the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.

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.

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