Dollar Tree, Inc. (NASDAQ:DLTR) CMO Richard L. Mcneely Sells 21,026 Shares

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer now directly owns 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Dollar Tree Stock Down 0.7%

Shares of DLTR traded down $0.65 during mid-day trading on Monday, hitting $93.85. The company's stock had a trading volume of 4,206,947 shares, compared to its average volume of 4,199,207. The company's 50-day moving average is $82.48 and its 200-day moving average is $75.49. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $111.96. The firm has a market capitalization of $19.59 billion, a price-to-earnings ratio of -19.68, a PEG ratio of 2.16 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The company's revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DLTR shares. Evercore ISI upped their price objective on shares of Dollar Tree from $86.00 to $92.00 and gave the stock an "in-line" rating in a report on Thursday. Piper Sandler upped their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday. UBS Group raised their target price on shares of Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, BMO Capital Markets raised their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $90.26.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. eCIO Inc. purchased a new stake in Dollar Tree during the first quarter valued at approximately $73,000. Acadian Asset Management LLC purchased a new stake in Dollar Tree during the first quarter valued at approximately $4,631,000. Intech Investment Management LLC lifted its position in Dollar Tree by 1.9% during the first quarter. Intech Investment Management LLC now owns 31,978 shares of the company's stock valued at $2,401,000 after acquiring an additional 585 shares during the last quarter. Focus Partners Wealth lifted its position in Dollar Tree by 2.0% during the first quarter. Focus Partners Wealth now owns 10,646 shares of the company's stock valued at $799,000 after acquiring an additional 213 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its position in Dollar Tree by 309.2% during the first quarter. Bayforest Capital Ltd now owns 14,927 shares of the company's stock valued at $1,121,000 after acquiring an additional 11,279 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

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.

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