Jonathan Leiken Sells 177 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) insider Jonathan Leiken sold 177 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.56, for a total value of $13,374.12. Following the completion of the transaction, the insider now owns 23,704 shares of the company’s stock, valued at approximately $1,791,074.24. This represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dollar Tree Stock Up 0.5 %

Shares of NASDAQ:DLTR opened at $67.55 on Friday. The stock has a market capitalization of $14.53 billion, a P/E ratio of -14.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The stock’s 50-day moving average price is $71.19 and its 200-day moving average price is $70.36. 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, Inc. has a 12-month low of $60.49 and a 12-month high of $131.52.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the business earned $2.55 earnings per share. Dollar Tree’s revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research report on Thursday, March 27th. Evercore ISI raised their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. UBS Group decreased their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Guggenheim dropped their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Wells Fargo & Company upped their target price on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average price target of $81.00.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently modified their holdings of DLTR. Bessemer Group Inc. grew its stake 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 worth $26,000 after purchasing an additional 346 shares during the last quarter. Assetmark Inc. grew its position in shares of 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 during the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its holdings in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the period. 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.