Dollar Tree, Inc. (NASDAQ:DLTR) insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 83.48 on Friday. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $91.41. The stock’s 50 day moving average is $77.23 and its 200-day moving average is $76.00. The firm has a market cap of $19.77 billion, a P/E ratio of 21.36 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post $4.66 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on DLTR shares. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Monday, August 28th. Deutsche Bank AG increased their price objective on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. BidaskClub upgraded shares of Dollar Tree from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Buckingham Research reiterated a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Bank of America Corporation assumed coverage on shares of Dollar Tree in a report on Friday, August 25th. They set a “buy” rating and a $91.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $88.04.
A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. BlueMountain Capital Management LLC increased its position in Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the period. Sun Life Financial INC increased its position in Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares during the period. FNY Managed Accounts LLC bought a new position in Dollar Tree in the 1st quarter worth approximately $124,000. Citizens Financial Group Inc. RI increased its position in Dollar Tree by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its position in Dollar Tree by 18.1% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares during the period. 90.76% of the stock is currently owned by institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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