Dollar Tree Inc (DLTR) Files Form 4 Insider Selling : Michael A. Witynski Sells 4,964 Shares

Dollar Tree Inc (DLTR): Michael A. Witynski , Chief Operating Officer of Dollar Tree Inc sold 4,964 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $90.68 per share for a total value of $450,134.53 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Mike R. Matacunas (Chief Administrative Officer) sold 2,974 shares at $90.50 per share price.On Jun 1, 2016, David A. Jacobs (Chief Strategy Officer) sold 3,167 shares at $90.43 per share price.Also, On Jun 1, 2016, Jason S Reiser (Executive VP of Family Dollar) sold 6,586 shares at $90.03 per share price.On May 31, 2016, William A. Jr Old (Chief Legal Officer) sold 2,616 shares at $90.00 per share price.

Dollar Tree: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Dollar Tree which led to swings in the share price. The shares opened for trading at $90.54 and hit $90.9966 on the upside , eventually ending the session at $90.81, with a gain of 0.30% or 0.27 points. The heightened volatility saw the trading volume jump to 28,22,986 shares. The 52-week high of the share price is $90.9966 and the company has a market cap of $21,357 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 Reiterated by Telsey Advisory Group to Outperform and the brokerage firm has raised the Price Target to $ 102 from a previous price target of $95 .The Rating was issued on May 27, 2016.Dollar Tree is Reiterated by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 101 from a previous price target of $94 .The Rating was issued on May 27, 2016.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 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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