A Director at Dollar Tree (DLTR) is Buying Shares

Today, a Director at Dollar Tree (NASDAQ: DLTR), Lemuel Lewis, bought shares of DLTR for $100.1K.

Following this transaction Lemuel Lewis’ holding in the company was increased by 1.69% to a total of $5.97 million. Following Lemuel Lewis’ last DLTR Buy transaction on June 04, 2018, the stock climbed by 0.9%.

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Based on Dollar Tree’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $5.53 billion and quarterly net profit of $274 million. In comparison, last year the company earned revenue of $5.28 billion and had a net profit of $234 million. DLTR’s market cap is $19.53B and the company has a P/E ratio of 11.4. Currently, Dollar Tree has an average volume of 1.83M.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $95.70, reflecting a 16.2% upside. Seven different firms, including Loop Capital Markets and Atlantic Equities, currently also have a Buy rating on the stock.

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Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at the fixed prices. It operates stores under the names Dollar Tree, Deal, Dollar Tree Deal, Dollar Giant and Dollar Bills. The company offers selection of everyday basic products and its supplement these basic, everyday items with seasonal, closeout and promotional merchandise.