Richard W. Dreiling Purchases 7,100 Shares of Dollar Tree, Inc. (NASDAQ:DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) CEO Richard W. Dreiling purchased 7,100 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of $142.00 per share, with a total value of $1,008,200.00. Following the acquisition, the chief executive officer now directly owns 7,118 shares of the company’s stock, valued at approximately $1,010,756. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dollar Tree Price Performance

NASDAQ DLTR opened at $140.29 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.51 and a quick ratio of 0.22. The stock’s fifty day moving average price is $146.63 and its 200 day moving average price is $146.41. Dollar Tree, Inc. has a 1 year low of $124.76 and a 1 year high of $177.19. The company has a market cap of $31.42 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.97 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the prior year, the firm earned $2.01 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.6 earnings per share for the current year.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently added to or reduced their stakes in DLTR. Fairfield Bush & CO. purchased a new stake in Dollar Tree in the first quarter valued at $86,000. Raymond James Trust N.A. boosted its holdings in Dollar Tree by 36.5% in the first quarter. Raymond James Trust N.A. now owns 3,335 shares of the company’s stock valued at $534,000 after purchasing an additional 892 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Dollar Tree in the first quarter valued at $336,000. Candriam Luxembourg S.C.A. boosted its holdings in Dollar Tree by 9.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,417 shares of the company’s stock valued at $1,988,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Dollar Tree by 21.1% in the first quarter. Baird Financial Group Inc. now owns 16,198 shares of the company’s stock valued at $2,594,000 after purchasing an additional 2,825 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Dollar Tree from $181.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, March 2nd. JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $150.00 in a report on Thursday, March 2nd. Telsey Advisory Group restated an “outperform” rating and set a $165.00 target price on shares of Dollar Tree in a report on Thursday, March 2nd. Piper Sandler upped their target price on Dollar Tree from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Tuesday, February 28th. Finally, Truist Financial reduced their price target on Dollar Tree from $170.00 to $164.00 and set a “buy” rating on the stock in a research report on Thursday, March 2nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.80.

About Dollar Tree

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.