Traders Purchase High Volume of Put Options on Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 98,897 put options on the stock. This is an increase of approximately 75% compared to the typical daily volume of 56,532 put options.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent research reports. Barclays cut their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group upped their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets increased their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, UBS Group lowered their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.58.

Hedge Funds Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $26,000. Eastern Bank acquired a new stake in Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. raised its position in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Dollar Tree during the third quarter worth $48,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 0.3 %

Shares of DLTR stock opened at $75.99 on Friday. Dollar Tree has a one year low of $60.49 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a fifty day moving average price of $68.46 and a 200 day moving average price of $82.72. The stock has a market cap of $16.34 billion, a P/E ratio of -15.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Analysts predict that Dollar Tree will post 5.39 earnings per share 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.