Dollar Tree, Inc. (NASDAQ:DLTR) Director Buys $89,490.00 in Stock

Posted by on Dec 3rd, 2019 // Comments off

Dollar Tree, Inc. (NASDAQ:DLTR) Director Lemuel E. Lewis bought 1,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of $89.49 per share, for a total transaction of $89,490.00. Following the completion of the acquisition, the director now owns 22,114 shares of the company’s stock, valued at $1,978,981.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ DLTR traded down $0.82 on Tuesday, hitting $88.65. 3,496,962 shares of the stock were exchanged, compared to its average volume of 2,246,841. Dollar Tree, Inc. has a 52-week low of $81.71 and a 52-week high of $119.71. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.09 and a quick ratio of 0.16. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.36 and a beta of 0.45. The company’s 50-day moving average price is $109.44 and its two-hundred day moving average price is $106.25.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.05). Dollar Tree had a positive return on equity of 20.85% and a negative net margin of 6.82%. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the company posted $1.18 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Equities analysts predict that Dollar Tree, Inc. will post 4.86 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price target on the stock in a research report on Monday, September 2nd. Morgan Stanley reduced their price objective on shares of Dollar Tree from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 27th. Credit Suisse Group lowered their price objective on shares of Dollar Tree from $125.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Citigroup dropped their target price on shares of Dollar Tree from $120.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday. Finally, OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $104.89.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ocean Capital Management LLC raised its holdings in shares of Dollar Tree by 2.5% during the third quarter. Ocean Capital Management LLC now owns 3,663 shares of the company’s stock worth $418,000 after acquiring an additional 90 shares in the last quarter. Nelson Roberts Investment Advisors LLC increased its position in Dollar Tree by 12.8% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock worth $95,000 after purchasing an additional 100 shares during the last quarter. Corient Capital Partners LLC increased its position in Dollar Tree by 5.4% in the 3rd quarter. Corient Capital Partners LLC now owns 1,980 shares of the company’s stock worth $226,000 after purchasing an additional 101 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Dollar Tree by 0.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,630 shares of the company’s stock worth $1,249,000 after purchasing an additional 106 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Dollar Tree by 18.4% during the 3rd quarter. Signaturefd LLC now owns 701 shares of the company’s stock worth $80,000 after purchasing an additional 109 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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