Dollar Tree, Inc. (NASDAQ:DLTR) CAO Aditya Maheshwari Sells 1,238 Shares

Dollar Tree, Inc. (NASDAQ:DLTR) CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dollar Tree Stock Up 2.0 %

Dollar Tree stock opened at $73.21 on Thursday. The stock’s 50 day moving average price is $70.80 and its 200 day moving average price is $70.33. The company has a market cap of $15.75 billion, a PE ratio of -15.35, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $125.20.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business earned $2.55 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on DLTR. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Bank of America cut their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 8th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Telsey Advisory Group lifted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. Finally, Evercore ISI upped their target price on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $81.84.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. increased its holdings in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust raised its position in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar Tree

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.