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

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of unusually large options trading activity on Thursday. Traders bought 98,897 put options on the stock. This is an increase of 75% compared to the typical daily volume of 56,532 put options.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DLTR shares. Evercore ISI reduced their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Loop Capital increased their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Price Performance

Shares of DLTR stock opened at $76.19 on Friday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a market capitalization of $16.38 billion, a P/E ratio of -15.97, a P/E/G ratio of 2.28 and a beta of 0.92. The stock has a 50 day moving average of $68.30 and a two-hundred day moving average of $82.95. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree during the second quarter valued at approximately $26,000. Eastern Bank acquired a new stake in Dollar Tree in the 3rd quarter valued at $34,000. First Horizon Advisors Inc. grew its position in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the period. Sunbelt Securities Inc. raised its stake in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Dollar Tree during the third quarter valued at $48,000. Institutional investors and hedge funds 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.