Dollar Tree Target of Unusually High Options Trading (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of some unusual options trading on Thursday. Investors purchased 84,439 put options on the company. This represents an increase of 158% compared to the average volume of 32,688 put options.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after buying an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after buying an additional 70,478 shares in the last quarter. Bridgefront Capital LLC boosted its stake in Dollar Tree by 62.5% in the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock worth $699,000 after buying an additional 1,892 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after buying an additional 640,848 shares in the last quarter. Finally, FIL Ltd boosted its stake in Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after buying an additional 1,566,392 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 0.4 %

Shares of NASDAQ DLTR opened at $69.36 on Friday. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of -15.03, a PEG ratio of 3.04 and a beta of 0.86. The business has a 50-day moving average of $81.78 and a 200-day moving average of $103.69.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Sell-side analysts expect that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DLTR has been the topic of several analyst reports. Evercore ISI decreased their price target on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Melius Research initiated coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price target on the stock. JPMorgan Chase & Co. cut Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $111.00 to $70.00 in a research report on Wednesday, September 4th. Guggenheim decreased their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, Barclays decreased their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.00.

Dollar Tree Company Profile

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.