David A. Jacobs Sells 5,596 Shares of Dollar Tree, Inc. (DLTR) Stock
Dollar Tree, Inc. (NASDAQ:DLTR) insider David A. Jacobs sold 5,596 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $88.25, for a total transaction of $493,847.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Dollar Tree, Inc. (DLTR) opened at 89.42 on Friday. The stock has a 50 day moving average of $82.68 and a 200-day moving average of $77.12. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $91.41. The firm has a market capitalization of $21.18 billion, a PE ratio of 22.88 and a beta of 0.70.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Dollar Tree, Inc. will post $4.68 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in DLTR. BlackRock Inc. boosted its position in Dollar Tree by 1,996.3% during the first quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock worth $1,131,717,000 after purchasing an additional 13,736,060 shares during the period. FMR LLC boosted its position in Dollar Tree by 49.4% during the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after purchasing an additional 5,724,495 shares during the period. Maverick Capital Ltd. boosted its position in Dollar Tree by 86.7% during the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after purchasing an additional 3,777,579 shares during the period. Renaissance Technologies LLC boosted its position in Dollar Tree by 116.0% during the second quarter. Renaissance Technologies LLC now owns 1,801,303 shares of the company’s stock worth $125,947,000 after purchasing an additional 967,500 shares during the period. Finally, Vanguard Group Inc. boosted its position in Dollar Tree by 3.2% during the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after purchasing an additional 691,393 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday. Piper Jaffray Companies restated a “hold” rating and set a $85.00 price target on shares of Dollar Tree in a research report on Friday, September 29th. Loop Capital restated a “buy” rating and set a $88.00 price target on shares of Dollar Tree in a research report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Sanford C. Bernstein upgraded shares of Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $88.91.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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