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

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of some unusual options trading activity on Friday. Investors acquired 126,033 put options on the company. This represents an increase of 245% compared to the average volume of 36,558 put options.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

Large investors have recently modified their holdings of the stock. Register Financial Advisors LLC acquired a new position in Dollar Tree in the first quarter valued at approximately $28,000. Mather Group LLC. grew its stake in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree in the second quarter worth $37,000. Indiana Trust & Investment Management CO lifted its stake in Dollar Tree by 168.4% in the first quarter. Indiana Trust & Investment Management CO now owns 416 shares of the company’s stock valued at $55,000 after buying an additional 261 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 0.7 %

Shares of DLTR stock opened at $66.45 on Friday. The firm’s 50 day moving average price is $75.60 and its two-hundred day moving average price is $98.99. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. 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 has a market cap of $14.28 billion, a price-to-earnings ratio of -14.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. On average, analysts anticipate that Dollar Tree will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup reduced their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Piper Sandler reduced their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Telsey Advisory Group decreased their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Loop Capital downgraded 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, Barclays reduced their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $88.53.

About Dollar Tree

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.