Aditya Maheshwari Sells 1,238 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) CAO Aditya Maheshwari sold 1,238 shares of the firm’s 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 sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $79.14 on Friday. The firm has a fifty day simple moving average of $70.91 and a two-hundred day simple moving average of $70.39. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $17.02 billion, a P/E ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $124.81.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lowered their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Truist Financial set a $84.00 price objective on Dollar Tree in a report on Thursday, March 27th. Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $81.84.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in Dollar Tree by 47.7% during the first quarter. Janney Montgomery Scott LLC now owns 80,208 shares of the company’s stock worth $6,021,000 after buying an additional 25,916 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Dollar Tree by 50.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock worth $1,030,000 after acquiring an additional 4,619 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar Tree during the 1st quarter worth about $303,000. Smithbridge Asset Management Inc. DE bought a new position in Dollar Tree during the 1st quarter valued at about $1,772,000. Finally, Tobam raised its position in Dollar Tree by 327.8% in the 1st quarter. Tobam now owns 23,150 shares of the company’s stock worth $1,738,000 after purchasing an additional 17,739 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.