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

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

Dollar Tree Trading Up 0.5 %

NASDAQ:DLTR opened at $67.55 on Friday. The company has a market cap of $14.53 billion, a PE ratio of -14.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $71.19 and a two-hundred day simple moving average of $70.36. 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 data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $2.55 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its position in 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 acquiring an additional 346 shares during the period. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter worth $30,000. Parkside Financial Bank & Trust raised its holdings in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Telsey Advisory Group upped their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. Evercore ISI upped their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Truist Financial set a $84.00 target price on shares of Dollar Tree in a report on Thursday, March 27th. UBS Group cut their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $81.00.

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.