Dollar Tree (NASDAQ:DLTR) Insider Sells $119,322.00 in Stock

Key Points

• Dollar Tree insider Robert Aflatooni sold 1,260 shares for a total of $119,322, reducing their ownership by 5.56% to 21,402 shares.
• The company reported a quarterly earnings per share (EPS) of $0.77, exceeding analysts' expectations, with revenues reaching $4.57 billion.
• Dollar Tree's Board of Directors has authorized a share repurchase plan of $2.50 billion, allowing the company to buy back up to 11.5% of its outstanding shares.

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) insider Robert Aflatooni sold 1,260 shares of the company's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the transaction, the insider directly owned 21,402 shares of the company's stock, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $0.23 on Tuesday, hitting $98.79. 344,000 shares of the stock were exchanged, compared to its average volume of 4,332,888. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The firm's 50 day moving average is $100.46 and its two-hundred day moving average is $96.59. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $20.15 billion, a PE ratio of -7.28, a P/E/G ratio of 1.70 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business posted $0.67 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a research report on Thursday, September 4th. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $95.00 to $138.00 in a research note on Monday, July 21st. BNP Paribas downgraded Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. New Street Research set a $103.00 target price on Dollar Tree in a report on Thursday. Finally, Guggenheim dropped their target price on Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, September 8th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $110.26.

Institutional Trading of Dollar Tree

Large investors have recently modified their holdings of the business. TD Private Client Wealth LLC boosted its position in Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock worth $26,000 after acquiring an additional 164 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares during the period. True Wealth Design LLC raised its stake in shares of Dollar Tree by 372.5% in the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company's stock valued at $37,000 after acquiring an additional 298 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree during the 1st quarter valued at $30,000. Finally, MTM Investment Management LLC acquired a new stake in Dollar Tree during the 2nd quarter valued at $42,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.