Dollar Tree Sees Unusually Large Options Volume (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) was the target of some unusual options trading on Friday. Stock investors purchased 73,912 put options on the stock. This represents an increase of 92% compared to the average volume of 38,467 put options.

Insider Activity

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares of the company's stock, valued at $103,275. This represents a 103.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,441 shares of company stock worth $2,095,333 over the last three months. 6.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dollar Tree

A number of hedge funds have recently bought and sold shares of DLTR. Empowered Funds LLC lifted its position in shares of Dollar Tree by 8.4% in the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company's stock valued at $281,000 after acquiring an additional 291 shares in the last quarter. Van ECK Associates Corp raised its stake in Dollar Tree by 4.2% during the 4th quarter. Van ECK Associates Corp now owns 24,830 shares of the company's stock valued at $1,861,000 after purchasing an additional 990 shares during the period. Vontobel Holding Ltd. raised its stake in Dollar Tree by 4.4% during the 4th quarter. Vontobel Holding Ltd. now owns 9,370 shares of the company's stock valued at $702,000 after purchasing an additional 398 shares during the period. Allworth Financial LP lifted its holdings in shares of Dollar Tree by 35.9% in the fourth quarter. Allworth Financial LP now owns 1,564 shares of the company's stock valued at $113,000 after purchasing an additional 413 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Dollar Tree by 36.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,439 shares of the company's stock worth $483,000 after buying an additional 1,718 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $97.53 on Friday. The company has a market capitalization of $20.35 billion, a PE ratio of -7.04, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The stock has a fifty day moving average of $86.95 and a 200-day moving average of $77.01. Dollar Tree has a one year low of $60.49 and a one year high of $109.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Dollar Tree from $86.00 to $92.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. UBS Group boosted their price target on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Cfra Research upgraded Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the company from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Bank of America lowered their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and an average target price of $90.26.

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.

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