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

Dollar Tree, Inc. (NASDAQ:DLTR) saw unusually large options trading activity on Thursday. Investors acquired 98,897 put options on the company. This represents an increase of 75% compared to the average daily volume of 56,532 put options.

Dollar Tree Stock Performance

Shares of DLTR traded up $2.81 during mid-day trading on Thursday, reaching $76.19. The company had a trading volume of 2,664,763 shares, compared to its average volume of 3,433,423. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21. The stock has a market capitalization of $16.38 billion, a P/E ratio of -15.97, a PEG ratio of 2.28 and a beta of 0.92. The stock has a 50 day moving average of $68.14 and a two-hundred day moving average of $83.00. 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) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the company earned $0.97 earnings per share. Dollar Tree’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of Dollar Tree in the third quarter valued at about $34,000. UMB Bank n.a. increased its holdings in shares of Dollar Tree by 52.0% during the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $57,000 after buying an additional 183 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Dollar Tree by 35.2% in the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after acquiring an additional 171 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Evercore ISI dropped their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Truist Financial raised their price target on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group cut their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.