Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) was the target of some unusual options trading activity on Friday. Investors bought 12,504 put options on the stock. This represents an increase of 7% compared to the average daily volume of 11,712 put options.
Dollar Tree Trading Down 0.2 %
Shares of DLTR traded down $0.22 during mid-day trading on Friday, reaching $99.53. The stock had a trading volume of 3,531,823 shares, compared to its average volume of 2,771,935. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree has a 52-week low of $98.26 and a 52-week high of $152.46. The business's fifty day moving average is $108.04 and its 200 day moving average is $123.33. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of -21.50, a P/E/G ratio of 1.12 and a beta of 0.88.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. Dollar Tree's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree will post 6.63 EPS for the current fiscal year.
Insider Buying and Selling at Dollar Tree
In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company's stock.
Institutional Investors Weigh In On Dollar Tree
A number of hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC grew its holdings in shares of Dollar Tree by 39.9% in the second quarter. Pzena Investment Management LLC now owns 2,727 shares of the company's stock valued at $291,000 after purchasing an additional 778 shares during the period. Legacy Capital Wealth Partners LLC purchased a new position in Dollar Tree during the second quarter worth about $273,000. TIAA Trust National Association boosted its stake in Dollar Tree by 14.9% during the second quarter. TIAA Trust National Association now owns 2,130 shares of the company's stock worth $227,000 after buying an additional 276 shares during the period. Resonant Capital Advisors LLC boosted its stake in Dollar Tree by 7.7% during the second quarter. Resonant Capital Advisors LLC now owns 4,932 shares of the company's stock worth $527,000 after buying an additional 354 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Dollar Tree by 85.3% during the second quarter. Natixis Advisors LLC now owns 379,206 shares of the company's stock worth $40,488,000 after buying an additional 174,576 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on DLTR. Citigroup cut shares of Dollar Tree from a "buy" rating to a "neutral" rating and decreased their target price for the company from $163.00 to $120.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $135.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, July 18th. Morgan Stanley decreased their target price on shares of Dollar Tree from $135.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday, June 6th. BMO Capital Markets decreased their target price on shares of Dollar Tree from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, June 6th. Finally, Telsey Advisory Group decreased their target price on shares of Dollar Tree from $160.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree has an average rating of "Moderate Buy" and an average target price of $141.55.
View Our Latest Stock Analysis on DLTR
About Dollar Tree
(Get Free Report)
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.
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