DOLLAR TREE, INC.

(DLTR)
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Dollar Tree Comments on Mantle Ridge’s Notice of Nomination of Directors

12/13/2021 | 07:49am EDT

On December 12, 2021, Dollar Tree, Inc. issued a statement regarding recent interactions with Mantle Ridge LP and its notice seeking to nominate a full slate of 11 directors to the Company’s Board of Directors at its 2022 annual meeting. In the statement, the Company’s Board of Directors and management team maintain an ongoing dialogue with shareholders and welcome input about the Company’s strategy and performance. The Company however disappointed that Mantle Ridge has been unwilling to engage with the Company constructively and has instead chosen to proceed in such an unwarrantedly aggressive and hostile manner. The Company added that Mantle Ridge’s overreach in seeking to replace the Company’s full Board with its own hand-picked slate -- despite having no ideas or plans to improve on the business or operations -- is not justified nor would it be in the best interests of the Company shareholders. The Company added that it stands ready to engage constructively with Mantle Ridge, even though it is disappointed that, rather than pursuing constructive engagement, Mantle Ridge has chosen to embark on an unwarranted and potentially disruptive proxy contest to replace the entire Board. The Company stated that it would like to avoid an expensive and distracting proxy fight, the Board does not believe that handing control of the Company to Paul Hilal and Mantle Ridge as it demands is in the best interests of the Company, its shareholders or other stakeholders.


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Analyst Recommendations on DOLLAR TREE, INC.
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Financials (USD)
Sales 2023 27 887 M - -
Net income 2023 1 790 M - -
Net Debt 2023 2 573 M - -
P/E ratio 2023 20,0x
Yield 2023 -
Capitalization 35 883 M 35 883 M -
EV / Sales 2023 1,38x
EV / Sales 2024 1,30x
Nbr of Employees 136 226
Free-Float 98,6%
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Technical analysis trends DOLLAR TREE, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 159,40 $
Average target price 161,23 $
Spread / Average Target 1,15%
EPS Revisions
Managers and Directors
Michael A. Witynski President, Chief Executive Officer & Director
Kevin S. Wampler Chief Financial Officer
Richard W. Dreiling Executive Chairman
James A. Paisley Chief Information Officer
Thomas R. O’Boyle Chief Operating Officer
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