Dollar Tree, Inc. (NASDAQ:DLTR) Director Daniel J. Heinrich Acquires 2,200 Shares

Dollar Tree, Inc. (NASDAQ:DLTR) Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $67.42 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a market cap of $14.49 billion, a price-to-earnings ratio of -14.69, a price-to-earnings-growth ratio of 2.81 and a beta of 0.88. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a 50-day moving average price of $97.05 and a 200-day moving average price of $114.18.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the business posted $0.91 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 5.34 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DLTR. Private Advisor Group LLC increased its position in shares of Dollar Tree by 29.6% during the fourth quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock valued at $1,079,000 after buying an additional 1,775 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of Dollar Tree by 15.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,711 shares of the company’s stock worth $527,000 after acquiring an additional 498 shares during the period. Principal Securities Inc. bought a new position in shares of Dollar Tree in the 4th quarter worth approximately $989,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Dollar Tree by 28.1% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,535 shares of the company’s stock worth $502,000 after acquiring an additional 775 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of Dollar Tree by 7.1% in the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after purchasing an additional 76 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DLTR. KeyCorp lowered their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Evercore ISI dropped their price target on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company reduced their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. StockNews.com downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday. Finally, BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $95.00.

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.