William W. Douglas III Acquires 701 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. The trade was a 103.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dollar Tree Stock Performance

DLTR opened at $67.55 on Friday. The stock’s 50 day simple moving average is $71.19 and its 200 day simple moving average is $70.36. The stock has a market cap of $14.53 billion, a P/E ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $131.52. 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 announced its quarterly earnings results 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 firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the prior year, the business earned $2.55 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DLTR. Truist Financial set a $84.00 price target on shares of Dollar Tree in a research report on Thursday, March 27th. Wells Fargo & Company upped their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Evercore ISI upped their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research note on Thursday, March 27th. Finally, UBS Group decreased their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus target price of $81.00.

Institutional Trading of Dollar Tree

Institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $520,000. Empower Advisory Group LLC grew its holdings in Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after buying an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Dollar Tree during the fourth quarter worth $448,000. Entropy Technologies LP acquired a new position in shares of Dollar Tree in the fourth quarter worth $2,173,000. Finally, Alberta Investment Management Corp lifted its position in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after acquiring an additional 67,100 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.