Lemuel E. Lewis Purchases 1,000 Shares of Dollar Tree, Inc. (DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director Lemuel E. Lewis purchased 1,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $99.98 per share, for a total transaction of $99,980.00. Following the transaction, the director now directly owns 21,114 shares of the company’s stock, valued at $2,110,977.72. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ DLTR traded down $0.79 during trading hours on Friday, hitting $99.86. The company’s stock had a trading volume of 3,499,454 shares, compared to its average volume of 2,583,493. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. The stock has a market capitalization of $24.38 billion, a PE ratio of 18.32, a PEG ratio of 2.01 and a beta of 0.42. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $104.49.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.01. The company had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. Dollar Tree’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.19 earnings per share for the current year.

DLTR has been the topic of a number of research reports. Credit Suisse Group raised their price target on Dollar Tree from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada lifted their price objective on Dollar Tree from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, November 30th. Oppenheimer downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $92.00 to $104.00 in a report on Thursday, January 10th. Morgan Stanley reiterated a “hold” rating on shares of Dollar Tree in a report on Sunday, December 2nd. Finally, ValuEngine downgraded Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and a consensus target price of $101.74.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Graves Light Private Wealth Management Inc. bought a new stake in Dollar Tree during the 4th quarter valued at approximately $233,000. Bank of Montreal Can boosted its position in Dollar Tree by 19.3% during the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock valued at $28,254,000 after acquiring an additional 50,536 shares in the last quarter. Huntington National Bank boosted its position in Dollar Tree by 38.3% during the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock valued at $18,193,000 after acquiring an additional 55,831 shares in the last quarter. Clean Yield Group bought a new stake in Dollar Tree during the 4th quarter valued at approximately $45,000. Finally, United Services Automobile Association boosted its position in Dollar Tree by 0.8% during the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock valued at $11,592,000 after acquiring an additional 1,143 shares in the last quarter. 94.37% of the stock is currently owned by institutional investors.

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About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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