Michael A. Witynski Sells 4,644 Shares of Dollar Tree, Inc. (DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) COO Michael A. Witynski sold 4,644 shares of Dollar Tree stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $102.04, for a total value of $473,873.76. Following the completion of the sale, the chief operating officer now directly owns 12,381 shares of the company’s stock, valued at approximately $1,263,357.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded up $3.36 during midday trading on Monday, hitting $106.37. The company had a trading volume of 2,678,780 shares, compared to its average volume of 2,754,548. The stock has a market cap of $25,220.00, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.64. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $107.11.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. Dollar Tree’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. sell-side analysts anticipate that Dollar Tree, Inc. will post 4.84 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Shelton Capital Management increased its stake in Dollar Tree by 3.7% in the 3rd quarter. Shelton Capital Management now owns 19,391 shares of the company’s stock worth $1,684,000 after purchasing an additional 685 shares during the period. Greenlight Capital Inc. purchased a new position in Dollar Tree in the 3rd quarter worth approximately $7,631,000. IFM Investors Pty Ltd purchased a new position in Dollar Tree in the 3rd quarter worth approximately $585,000. Alkeon Capital Management LLC increased its stake in Dollar Tree by 8.2% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock worth $223,210,000 after purchasing an additional 195,000 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Dollar Tree by 1.0% during the third quarter. California Public Employees Retirement System now owns 538,155 shares of the company’s stock valued at $46,723,000 after buying an additional 5,375 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on DLTR shares. Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Wednesday, October 11th. Raymond James Financial dropped coverage on Dollar Tree in a research note on Saturday, August 26th. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group started coverage on Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price for the company. Eleven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $99.92.

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Dollar Tree Company Profile

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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