Investors Buy High Volume of Dollar Tree Put Options (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of unusually large options trading activity on Friday. Stock traders bought 147,546 put options on the company. This is an increase of approximately 476% compared to the typical volume of 25,628 put options.

Insiders Place Their Bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the stock in a transaction 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 sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree during the 4th quarter worth about $26,000. United Community Bank acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree during the first quarter valued at approximately $28,000. Mather Group LLC. increased its stake in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree in the 2nd quarter worth approximately $37,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLTR has been the subject of several recent research reports. Evercore ISI lowered their price target on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Morgan Stanley dropped their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Guggenheim reduced their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Wells Fargo & Company lowered their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.53.

Dollar Tree Trading Down 2.9 %

Shares of NASDAQ DLTR opened at $71.73 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a market cap of $15.42 billion, a price-to-earnings ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. The business has a fifty day simple moving average of $90.72 and a 200-day simple moving average of $109.87.

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

About Dollar Tree

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.