Dollar Tree Inc (DLTR) Files Form 4 Insider Selling : Bob Sasser Sells 60,000 Shares

Dollar Tree Inc (DLTR): Bob Sasser , Chief Executive Officer of Dollar Tree Inc sold 60,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $85.81 per share for a total value of $5,120,143.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Robert H Rudman (Chief Merchandising Officer) sold 2,232 shares at $80.71 per share price.On Mar 17, 2016, Lemuel E Lewis (director) purchased 3,500 shares at $80.77 per share price.Also, On Mar 16, 2016, Gary M Philbin (President of Family Dollar) sold 12,502 shares at $81.81 per share price.On Mar 11, 2016, Joshua R Jewett (Chief Information Officer) sold 6,915 shares at $79.06 per share price.

Dollar Tree: On Wednesday, May 25, 2016 heightened volatility was witnessed in Dollar Tree which led to swings in the share price. The shares opened for trading at $77.7 and hit $78.98 on the upside , eventually ending the session at $78.36, with a gain of 1.07% or 0.83 points. The heightened volatility saw the trading volume jump to 33,53,041 shares. The 52-week high of the share price is $83.72 and the company has a market cap of $18,429 M . The 52-week low of the share price is at $60.31.

Dollar Tree Money Flow Index Chart

Company has been under the radar of several Street Analysts.Dollar Tree is Initiated by Topeka Capital Markets to Buy and the brokerage firm has set the Price Target at $105. The Rating was issued on May 24, 2016.Dollar Tree is Downgraded by Raymond James to Mkt Perform and the brokerage firm has set the Price Target at $95. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Mar 2, 2016.Dollar Tree is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 91 from a previous price target of $86 .The Rating was issued on Mar 2, 2016.

Dollar Tree Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic everyday items with seasonal closeout and promotional merchandise. As of July 06 2015 the Company operated more than 13600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree Dollar Tree Canada Deals and Family Dollar. Dollar Tree’s consumable merchandise includes candy and food health and beauty care and everyday consumables such as paper and chemicals and in select stores frozen and refrigerated food. The Company’s variety merchandise includes toys durable housewares gifts party goods greeting cards softlines and other items. Its seasonal goods include Valentine’s Day Easter Halloween and Christmas merchandise.

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