Dollar Tree, Inc. (NASDAQ:DLTR) insider Robert H. Rudman sold 5,110 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $104.43, for a total value of $533,637.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
DLTR opened at $105.99 on Friday. The firm has a market capitalization of $25.25 billion, a P/E ratio of 19.45, a PEG ratio of 2.07 and a beta of 0.43. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $106.90.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The firm had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.23 earnings per share for the current fiscal year.
A number of research analysts have weighed in on DLTR shares. ValuEngine lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Wolfe Research assumed coverage on shares of Dollar Tree in a report on Monday, February 11th. They issued a “market perform” rating on the stock. Gordon Haskett raised shares of Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price objective for the company in a research note on Monday, January 7th. FIX lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating in a report on Thursday, January 10th. Finally, BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $101.48.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Dollar Tree by 26.0% in the 4th quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock worth $1,654,421,000 after acquiring an additional 3,781,225 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Dollar Tree by 15.4% during the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after purchasing an additional 1,303,200 shares during the last quarter. Akre Capital Management LLC raised its position in Dollar Tree by 1.1% in the 3rd quarter. Akre Capital Management LLC now owns 5,086,035 shares of the company’s stock worth $414,766,000 after purchasing an additional 53,479 shares during the period. Boston Partners raised its position in Dollar Tree by 4.9% in the 4th quarter. Boston Partners now owns 3,755,582 shares of the company’s stock worth $339,204,000 after purchasing an additional 175,027 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Dollar Tree by 50.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock worth $300,813,000 after purchasing an additional 1,120,760 shares during the period. 95.00% of the stock is currently owned by institutional investors.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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