Dollar Tree, Inc. (NASDAQ:DLTR) CAO Sells $92,478.60 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree 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 of the company's stock, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.51 during mid-day trading on Monday, hitting $79.65. The company had a trading volume of 5,944,551 shares, compared to its average volume of 3,947,942. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm's 50 day simple moving average is $71.05 and its two-hundred day simple moving average is $70.46. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of -16.70, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.55 EPS. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DLTR. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price target for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a report on Thursday, March 27th. Finally, Bank of America cut their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $81.84.

Institutional Trading of Dollar Tree

Several institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its holdings 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 buying an additional 346 shares in the last quarter. Assetmark Inc. lifted its position in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Company Profile

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.