Investors Purchase Large Volume of Put Options on Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of unusually large options trading on Thursday. Stock investors bought 116,222 put options on the company. This represents an increase of approximately 136% compared to the typical volume of 49,203 put options.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently modified their holdings of DLTR. Cetera Investment Advisers lifted its stake in shares of Dollar Tree by 203.5% during the 1st quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock worth $1,677,000 after acquiring an additional 8,446 shares during the last quarter. Cetera Advisors LLC increased its holdings in Dollar Tree by 119.7% during the 1st quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock worth $431,000 after purchasing an additional 1,762 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. Mather Group LLC. increased its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in Dollar Tree by 82.3% during the 2nd quarter. Park Avenue Securities LLC now owns 15,011 shares of the company’s stock worth $1,603,000 after purchasing an additional 6,779 shares during the period. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Barclays cut their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Wednesday. Finally, Loop Capital increased their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $71.87 on Friday. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of -15.07, a PEG ratio of 2.87 and a beta of 0.92. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The business has a 50 day simple moving average of $67.58 and a 200-day simple moving average of $87.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the company earned $0.97 EPS. Dollar Tree’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that Dollar Tree will post 5.35 EPS for the current year.

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.