Richard L. Mcneely Sells 21,026 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) CMO Richard L. Mcneely sold 21,026 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, the chief marketing officer now directly owns 50,419 shares in the company, valued at $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dollar Tree Trading Down 0.8%

Dollar Tree stock opened at $93.12 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market capitalization of $19.43 billion, a price-to-earnings ratio of -19.52, a PEG ratio of 2.16 and a beta of 0.84. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $111.44. The company’s fifty day moving average price is $83.33 and its two-hundred day moving average price is $75.80.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Dollar Tree by 1.7% during the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock valued at $1,789,648,000 after acquiring an additional 389,490 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Dollar Tree by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock valued at $750,323,000 after acquiring an additional 74,230 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in Dollar Tree by 21.4% during the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after acquiring an additional 1,701,344 shares during the period. Capital International Investors lifted its stake in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after buying an additional 2,023,819 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after buying an additional 5,173,238 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DLTR shares. BMO Capital Markets upped their price target on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, June 5th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 price target on shares of Dollar Tree in a research note on Thursday, June 5th. Bank of America dropped their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler upped their price target on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. Finally, Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $90.26.

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.