Dollar Tree, Inc. (NASDAQ:DLTR) Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the sale, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Dollar Tree, Inc. (DLTR) traded up 0.57% on Friday, reaching $73.50. 1,789,553 shares of the company’s stock traded hands. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $96.95. The stock’s 50-day moving average price is $70.59 and its 200-day moving average price is $75.72. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 20.14 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. Equities analysts predict that Dollar Tree, Inc. will post $4.48 EPS for the current year.
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A number of brokerages have recently issued reports on DLTR. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday. Buckingham Research reissued a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research report on Wednesday. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Dollar Tree in a report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. Dollar Tree currently has a consensus rating of “Hold” and an average price target of $86.91.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC boosted its position in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares in the last quarter. BlackRock Inc. boosted its position in Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares in the last quarter. State Street Corp boosted its position in Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares in the last quarter. Finally, Standard Life Investments LTD boosted its position in Dollar Tree by 13.9% in the second quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock worth $355,610,000 after buying an additional 621,164 shares in the last quarter. Institutional investors and hedge funds own 91.71% 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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