Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) CEO Richard W. Dreiling bought 7,100 shares of Dollar Tree stock in a transaction dated Thursday, March 9th. The shares were acquired at an average cost of $142.00 per share, for a total transaction of $1,008,200.00. Following the completion of the purchase, the chief executive officer now directly owns 7,118 shares of the company’s stock, valued at approximately $1,010,756. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dollar Tree Price Performance
Shares of NASDAQ:DLTR traded up $0.65 during trading on Friday, hitting $140.29. 1,876,824 shares of the company’s stock were exchanged, compared to its average volume of 2,216,426. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.51 and a quick ratio of 0.22. Dollar Tree, Inc. has a 52-week low of $124.76 and a 52-week high of $177.19. The business’s 50-day simple moving average is $146.66 and its 200 day simple moving average is $146.74. The company has a market cap of $31.42 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.00 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The firm had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.61 billion. During the same quarter last year, the business posted $2.01 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree, Inc. will post 6.6 EPS for the current year.
Hedge Funds Weigh In On Dollar Tree
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in Dollar Tree by 3.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,914 shares of the company’s stock valued at $552,000 after buying an additional 139 shares during the last quarter. Smithbridge Asset Management Inc. DE bought a new position in Dollar Tree during the fourth quarter valued at approximately $2,612,000. Voya Investment Management LLC boosted its stake in Dollar Tree by 1.5% during the fourth quarter. Voya Investment Management LLC now owns 96,010 shares of the company’s stock valued at $13,580,000 after buying an additional 1,393 shares during the last quarter. Graphene Investments SAS bought a new position in Dollar Tree during the fourth quarter valued at approximately $2,984,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Dollar Tree during the fourth quarter valued at approximately $265,000. 97.04% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on DLTR shares. JPMorgan Chase & Co. cut Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $150.00 in a research note on Thursday, March 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 target price on shares of Dollar Tree in a report on Thursday, March 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Dollar Tree from $181.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. Piper Sandler boosted their target price on Dollar Tree from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Tuesday, February 28th. Finally, UBS Group upped their price target on Dollar Tree from $171.00 to $177.00 in a report on Wednesday, November 23rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.80.
About Dollar Tree
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.
