Insider Selling: Dollar Tree, Inc. (DLTR) Director Sells $1,696,559.31 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director Thomas A. Saunders sold 18,621 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $91.11, for a total value of $1,696,559.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at 91.50 on Monday. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $92.15. The firm has a market capitalization of $21.67 billion, a P/E ratio of 23.41 and a beta of 0.70. The firm’s 50-day moving average is $84.97 and its 200 day moving average is $77.68.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post $4.68 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Insider Selling: Dollar Tree, Inc. (DLTR) Director Sells $1,696,559.31 in Stock” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/16/insider-selling-dollar-tree-inc-dltr-director-sells-1696559-31-in-stock.html.

Large investors have recently modified their holdings of the business. BlueMountain Capital Management LLC lifted its position in Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares in the last quarter. Sun Life Financial INC lifted its position in Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in Dollar Tree during the 1st quarter worth about $124,000. Independent Portfolio Consultants Inc. lifted its position in Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its position in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares in the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Loop Capital reiterated a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a research report on Friday, September 29th. Buckingham Research reiterated a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Wednesday, October 11th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Dollar Tree has a consensus rating of “Buy” and an average price target of $90.14.

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.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at 91.50 on Monday. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $92.15. The firm has a market capitalization of $21.67 billion, a P/E ratio of 23.41 and a beta of 0.70. The firm’s 50-day moving average is $84.97 and its 200 day moving average is $77.68.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post $4.68 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Insider Selling: Dollar Tree, Inc. (DLTR) Director Sells $1,696,559.31 in Stock” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/16/insider-selling-dollar-tree-inc-dltr-director-sells-1696559-31-in-stock.html.

Large investors have recently modified their holdings of the business. BlueMountain Capital Management LLC lifted its position in Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares in the last quarter. Sun Life Financial INC lifted its position in Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in Dollar Tree during the 1st quarter worth about $124,000. Independent Portfolio Consultants Inc. lifted its position in Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its position in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares in the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Loop Capital reiterated a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a research report on Friday, September 29th. Buckingham Research reiterated a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Wednesday, October 11th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Dollar Tree has a consensus rating of “Buy” and an average price target of $90.14.

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.

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

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