Dollar Tree, Inc. (NASDAQ:DLTR) Sees Significant Growth in Short Interest

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 13,290,000 shares, an increase of 49.7% from the August 31st total of 8,880,000 shares. Approximately 6.2% of the company’s shares are short sold. Based on an average trading volume of 4,040,000 shares, the short-interest ratio is presently 3.3 days.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree 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 purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the 4th quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in Dollar Tree in the 2nd quarter valued at about $26,000. United Community Bank acquired a new position in Dollar Tree during the 4th quarter valued at about $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the 1st quarter worth about $28,000. Finally, Mather Group LLC. increased its stake in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Up 0.3 %

Dollar Tree stock traded up $0.24 during midday trading on Friday, hitting $73.12. The stock had a trading volume of 3,699,429 shares, compared to its average volume of 3,215,042. The business has a fifty day moving average price of $88.03 and a 200 day moving average price of $107.72. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The stock has a market cap of $15.72 billion, a P/E ratio of -16.13, a P/E/G ratio of 3.04 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly 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 for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Research analysts predict that Dollar Tree will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of research reports. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday. Citigroup cut their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company lowered their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Guggenheim reduced 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, KeyCorp lowered their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.40.

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.