Dollar Tree, Inc. (NASDAQ:DLTR) Insider Robert Aflatooni Sells 175 Shares

Dollar Tree, Inc. (NASDAQ:DLTR) insider Robert Aflatooni sold 175 shares of Dollar Tree stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $97.54, for a total transaction of $17,069.50. Following the sale, the insider now directly owns 23,205 shares in the company, valued at $2,263,415.70. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dollar Tree Trading Up 1.8%

Shares of Dollar Tree stock traded up $1.80 during midday trading on Monday, reaching $100.51. The company had a trading volume of 4,719,403 shares, compared to its average volume of 4,233,557. The firm has a market cap of $20.98 billion, a PE ratio of -7.25, a P/E/G ratio of 2.73 and a beta of 0.84. The stock has a fifty day moving average price of $87.48 and a 200 day moving average price of $77.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $109.36.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently bought and sold shares of DLTR. Voya Investment Management LLC raised its position in shares of Dollar Tree by 0.5% in the 1st quarter. Voya Investment Management LLC now owns 59,365 shares of the company’s stock worth $4,457,000 after acquiring an additional 274 shares in the last quarter. eCIO Inc. bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $73,000. Acadian Asset Management LLC acquired a new stake in Dollar Tree during the first quarter worth approximately $4,631,000. Intech Investment Management LLC increased its holdings in Dollar Tree by 1.9% in the first quarter. Intech Investment Management LLC now owns 31,978 shares of the company’s stock worth $2,401,000 after purchasing an additional 585 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in Dollar Tree by 2.0% in the first quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock worth $799,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DLTR. Piper Sandler raised their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a “market perform” rating in a research note on Monday, May 5th. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price objective on shares of Dollar Tree in a report on Wednesday, June 4th. JPMorgan Chase & Co. upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $72.00 to $111.00 in a research report on Thursday, June 5th. Finally, Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average target price of $90.26.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.