Robert Aflatooni Sells 1,259 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree logo Dollar Tree, Inc. (NASDAQ:DLTR – Get Free Report) insider Robert Aflatooni sold 1,259 shares of Dollar Tree stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $107.03, for a total transaction of $134,750.77. Following the sale, the insider now directly owns 7,157 shares in the company, valued at approximately $766,013.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dollar Tree Price Performance

Shares of DLTR stock traded down $1.09 during midday trading on Wednesday, reaching $107.03. 1,490,490 shares of the company were exchanged, compared to its average volume of 2,246,802. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $170.36. The company has a market cap of $23.55 billion, a P/E ratio of 19.46, a PEG ratio of 6.40 and a beta of 0.76. The company’s 50 day moving average price is $123.23 and its two-hundred day moving average price is $138.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.20 and a current ratio of 1.48.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Dollar Tree had a net margin of 4.16% and a return on equity of 14.24%. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same period in the previous year, the firm earned $1.60 EPS. Dollar Tree’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.97 earnings per share for the current year.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its holdings in shares of Dollar Tree by 15.2% in the 1st quarter. Guggenheim Capital LLC now owns 48,582 shares of the company’s stock worth $6,974,000 after purchasing an additional 6,423 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Dollar Tree by 6.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,337 shares of the company’s stock worth $5,934,000 after purchasing an additional 2,589 shares in the last quarter. Simplicity Solutions LLC raised its holdings in shares of Dollar Tree by 71.4% in the 1st quarter. Simplicity Solutions LLC now owns 3,001 shares of the company’s stock worth $431,000 after purchasing an additional 1,250 shares in the last quarter. Norris Perne & French LLP MI raised its holdings in shares of Dollar Tree by 1.2% in the 2nd quarter. Norris Perne & French LLP MI now owns 92,987 shares of the company’s stock worth $13,344,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Dollar Tree by 37.6% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 12,945 shares of the company’s stock worth $1,858,000 after purchasing an additional 3,537 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLTR has been the topic of several analyst reports. Citigroup dropped their price target on shares of Dollar Tree from $167.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, August 25th. StockNews.com initiated coverage on shares of Dollar Tree in a research note on Thursday, October 5th. They set a “hold” rating on the stock. The Goldman Sachs Group dropped their target price on shares of Dollar Tree from $158.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, August 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dollar Tree from $172.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, August 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 target price (down previously from $162.00) on shares of Dollar Tree in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Read Our Latest Research Report on DLTR

About Dollar Tree

(Get Free Report)

Dollar Tree, Inc operates discount variety retail 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.

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