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

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

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently modified their holdings of DLTR. National Bank of Canada FI grew its holdings in Dollar Tree by 223.4% during the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after buying an additional 957,275 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Dollar Tree by 488.4% in the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after buying an additional 867,054 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of Dollar Tree in the first quarter valued at approximately $99,862,000. Finally, Natixis acquired a new position in shares of Dollar Tree in the first quarter valued at approximately $97,439,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DLTR shares. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Barclays decreased 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 research report on Thursday, September 5th. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” 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 on the stock. in a research report on Thursday, September 5th. Finally, Evercore ISI decreased their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.53.

Dollar Tree Trading Up 1.2 %

Shares of NASDAQ DLTR opened at $66.95 on Friday. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The company has a market cap of $14.39 billion, a PE ratio of -14.59, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $76.21 and a two-hundred day moving average of $99.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s revenue was up .7% on a year-over-year basis. As a group, equities analysts expect 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.