Dollar Tree, Inc. (NASDAQ:DLTR) Director William W. Douglas III Acquires 701 Shares

Dollar Tree, Inc. (NASDAQ:DLTR) Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dollar Tree Price Performance

Shares of DLTR stock traded down $10.35 during trading hours on Thursday, hitting $67.22. 16,314,943 shares of the company’s stock were exchanged, compared to its average volume of 3,715,602. The company has a market capitalization of $14.46 billion, a PE ratio of -14.09, a PEG ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $135.94. The business’s 50 day simple moving average is $71.29 and its 200-day simple moving average is $70.39.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $2.55 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Telsey Advisory Group boosted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, March 27th. UBS Group lowered their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.11.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Pzena Investment Management LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $520,000. Empower Advisory Group LLC grew its holdings in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after purchasing an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $448,000. Entropy Technologies LP bought a new stake in Dollar Tree during the 4th quarter valued at $2,173,000. Finally, Alberta Investment Management Corp raised its holdings in Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after buying an additional 67,100 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.