William W. Douglas III Purchases 701 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dollar Tree Trading Up 0.5 %

DLTR opened at $67.55 on Friday. The firm’s 50 day moving average is $71.19 and its 200-day moving average is $70.36. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $131.52. 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 firm has a market capitalization of $14.53 billion, a P/E ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released 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). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $2.55 EPS. Analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DLTR shares. Truist Financial set a $84.00 price objective on Dollar Tree in a report on Thursday, March 27th. Evercore ISI lifted 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 shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Finally, Wells Fargo & Company upped their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $81.00.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently bought and sold shares of DLTR. Assetmark Inc. boosted its stake 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 buying an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in Dollar Tree by 20.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after acquiring an additional 157 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after acquiring an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock worth $508,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.