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

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) saw unusually large options trading activity on Thursday. Traders purchased 113,463 put options on the company. This is an increase of 241% compared to the average daily volume of 33,247 put options.

Dollar Tree Trading Down 2.5%

Shares of DLTR traded down $2.42 during trading hours on Friday, reaching $94.25. The stock had a trading volume of 2,504,107 shares, compared to its average volume of 4,180,668. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $115.87. The firm has a 50-day moving average of $82.10 and a 200 day moving average of $75.13. The company has a market cap of $20.27 billion, a P/E ratio of -19.77, a P/E/G ratio of 2.16 and a beta of 0.84. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. On average, sell-side analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DLTR shares. Bank of America reduced their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Cfra Research raised Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Truist Financial upped their price target on Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a report on Monday. UBS Group raised their price objective on shares of Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.26.

Insiders Place Their Bets

In related news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their ownership of the stock. The purchase 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 dated 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $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. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Blue Trust Inc. lifted its stake in shares of Dollar Tree by 47.8% during the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock worth $100,000 after buying an additional 462 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $382,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Dollar Tree by 19.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,235 shares of the company's stock worth $542,000 after purchasing an additional 1,157 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in Dollar Tree by 24.4% in the 4th quarter. E. Ohman J or Asset Management AB now owns 10,700 shares of the company's stock valued at $802,000 after buying an additional 2,100 shares in the last quarter. Finally, Kercheville Advisors LLC bought a new stake in shares of Dollar Tree in the fourth quarter valued at about $300,000. Institutional investors own 97.40% of the company's stock.

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.