Dollar Tree (NASDAQ:DLTR) Hits New 1-Year Low Following Insider Selling

Dollar Tree, Inc. (NASDAQ:DLTR)’s stock price reached a new 52-week low during mid-day trading on Wednesday following insider selling activity. The company traded as low as $101.85 and last traded at $102.83, with a volume of 3564392 shares. The stock had previously closed at $105.41.

Specifically, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Jefferies Financial Group dropped their price target on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Guggenheim boosted their target price on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets dropped their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.79.

Dollar Tree Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The company has a 50 day moving average price of $115.42 and a 200-day moving average price of $128.79.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same period in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.66 EPS for the current year.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $15,638,000. DAVENPORT & Co LLC increased its stake in shares of Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after buying an additional 19,019 shares during the period. Dorsal Capital Management LP purchased a new stake in Dollar Tree in the fourth quarter worth $35,512,000. Wellington Management Group LLP grew its stake in Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after purchasing an additional 70,478 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.