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

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of unusually large options trading activity on Friday. Traders purchased 126,033 put options on the company. This is an increase of approximately 245% compared to the typical volume of 36,558 put options.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLTR. Sanctuary Advisors LLC bought a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $779,000. Point72 Asset Management L.P. boosted its holdings in shares of Dollar Tree by 165.4% during the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after acquiring an additional 640,848 shares during the period. Indiana Trust & Investment Management CO grew its position in shares of Dollar Tree by 168.4% during the first quarter. Indiana Trust & Investment Management CO now owns 416 shares of the company’s stock worth $55,000 after acquiring an additional 261 shares during the last quarter. Easterly Investment Partners LLC increased its holdings in shares of Dollar Tree by 49.5% in the 2nd quarter. Easterly Investment Partners LLC now owns 39,274 shares of the company’s stock worth $4,193,000 after acquiring an additional 13,012 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Dollar Tree by 51.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 633,223 shares of the company’s stock valued at $84,314,000 after purchasing an additional 214,912 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Piper Sandler reduced their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, September 5th. Finally, Citigroup dropped their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.53.

Dollar Tree Trading Down 0.7 %

Shares of NASDAQ DLTR opened at $66.45 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. The stock’s 50 day moving average price is $74.96 and its two-hundred day moving average price is $98.56. Dollar Tree has a 52-week low of $60.81 and a 52-week high of $151.21. The stock has a market capitalization of $14.28 billion, a P/E ratio of -14.48, a PEG ratio of 2.95 and a beta of 0.86.

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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The business’s revenue was up .7% on a year-over-year basis. On average, analysts anticipate that Dollar Tree will post 5.33 earnings per share for the current fiscal 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.