Dollar Tree, Inc. (NASDAQ:DLTR) Insider David A. Jacobs Sells 8,672 Shares

Dollar Tree, Inc. (NASDAQ:DLTR) insider David A. Jacobs sold 8,672 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $107.63, for a total transaction of $933,367.36. Following the completion of the sale, the insider now directly owns 7,733 shares in the company, valued at approximately $832,302.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

DLTR traded up $1.65 on Friday, reaching $110.31. The company had a trading volume of 3,318,690 shares, compared to its average volume of 2,236,161. The firm has a market capitalization of $26.21 billion, a PE ratio of 20.24, a P/E/G ratio of 2.09 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 1.45. Dollar Tree, Inc. has a one year low of $78.78 and a one year high of $111.61.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.14. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. Dollar Tree’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 5.2 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Dollar Tree by 5.6% during the 1st quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock valued at $2,031,629,000 after purchasing an additional 1,024,134 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Dollar Tree by 15.4% during the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after purchasing an additional 1,303,200 shares in the last quarter. Jackson Square Partners LLC boosted its position in shares of Dollar Tree by 55.9% during the 1st quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock valued at $693,250,000 after purchasing an additional 2,367,545 shares in the last quarter. Boston Partners boosted its position in shares of Dollar Tree by 4.9% during the 4th quarter. Boston Partners now owns 3,755,582 shares of the company’s stock valued at $339,204,000 after purchasing an additional 175,027 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Dollar Tree by 6.7% during the 1st quarter. Geode Capital Management LLC now owns 3,409,950 shares of the company’s stock valued at $357,572,000 after purchasing an additional 214,998 shares in the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday. Piper Jaffray Companies increased their price objective on shares of Dollar Tree from $113.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. ValuEngine raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley increased their price objective on shares of Dollar Tree from $92.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $103.72.

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About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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