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 stock in a transaction on Monday, April 14th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dollar Tree Price Performance

Shares of DLTR opened at $79.14 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company’s fifty day moving average price is $70.91 and its 200-day moving average price is $70.39. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $124.81. The firm has a market capitalization of $17.02 billion, a PE ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results 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). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the firm posted $2.55 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Institutional Trading of Dollar Tree

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in Dollar Tree by 47.7% in the first quarter. Janney Montgomery Scott LLC now owns 80,208 shares of the company’s stock valued at $6,021,000 after acquiring an additional 25,916 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dollar Tree by 50.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after purchasing an additional 4,619 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar Tree in the 1st quarter valued at $303,000. Smithbridge Asset Management Inc. DE purchased a new stake in Dollar Tree during the first quarter worth $1,772,000. Finally, Tobam grew its position in Dollar Tree by 327.8% during the first quarter. Tobam now owns 23,150 shares of the company’s stock valued at $1,738,000 after buying an additional 17,739 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on DLTR shares. Truist Financial set a $84.00 price target on shares of Dollar Tree in a research note on Thursday, March 27th. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Evercore ISI boosted their price target on 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 dropped their price objective 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, Guggenheim decreased their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $81.84.

Dollar Tree Company Profile

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.