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

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

Dollar Tree Trading Up 0.5 %

Dollar Tree stock opened at $67.55 on Friday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $131.42. The company’s fifty day moving average price is $71.19 and its two-hundred day moving average price is $70.34. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of -14.16, a PEG ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

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 analysts’ consensus estimates 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 company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the business posted $2.55 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group reduced their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Truist Financial set a $84.00 target price on Dollar Tree in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Wells Fargo & Company raised their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $81.00.

Institutional Trading of Dollar Tree

Several large investors have recently modified their holdings of DLTR. Vanguard Group Inc. lifted its position in Dollar Tree by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after acquiring an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock worth $743,461,000 after purchasing an additional 533,920 shares during the period. State Street Corp lifted its position in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares during the last quarter. Capital International Investors boosted its stake in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after purchasing an additional 2,023,819 shares during the period. Finally, EdgePoint Investment Group Inc. grew its holdings in Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock valued at $595,036,000 after buying an additional 1,000,637 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

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.