Traders Buy Large Volume of Put Options on Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of some unusual options trading on Friday. Traders acquired 148,634 put options on the company. This represents an increase of 146% compared to the average volume of 60,434 put options.

Dollar Tree Trading Up 1.3 %

Shares of NASDAQ:DLTR opened at $72.90 on Friday. 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 has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a fifty day moving average of $70.14 and a two-hundred day moving average of $80.23. The firm has a market capitalization of $15.67 billion, a P/E ratio of -15.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, equities analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. EverSource Wealth Advisors LLC boosted its position in Dollar Tree by 35.2% during the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock worth $69,000 after purchasing an additional 171 shares during the period. Alan B Lancz & Associates Inc. boosted its holdings in shares of Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after buying an additional 200 shares during the period. AM Squared Ltd grew its stake in Dollar Tree by 12.5% in the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after buying an additional 200 shares during the last quarter. Federated Hermes Inc. raised its holdings in Dollar Tree by 1.6% in the 2nd quarter. Federated Hermes Inc. now owns 13,367 shares of the company’s stock worth $1,427,000 after acquiring an additional 209 shares during the period. Finally, McGinn Penninger Investment Management Inc. grew its position in shares of Dollar Tree by 0.5% in the second quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock valued at $4,858,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent analyst reports. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 price target on the stock. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Loop Capital lifted their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Sanford C. Bernstein initiated coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.58.

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.