Dollar Tree, Inc. (NASDAQ:DLTR) Sees Significant Increase in Short Interest

Dollar Tree, Inc. (NASDAQ:DLTR) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 12,050,000 shares, an increase of 5.4% from the October 15th total of 11,430,000 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average daily volume of 4,620,000 shares, the short-interest ratio is presently 2.6 days.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Dollar Tree

Several institutional investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at approximately $26,000. Mather Group LLC. increased its holdings in shares of 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 acquiring an additional 187 shares during the last quarter. Eastern Bank bought a new stake in shares of Dollar Tree during the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree in the 2nd quarter valued at $37,000. Finally, First Horizon Advisors Inc. raised its position in shares of 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 buying an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the subject of a number of recent research reports. UBS Group dropped 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. Morgan Stanley lowered their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, September 5th. Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.95.

Dollar Tree Stock Down 2.5 %

NASDAQ:DLTR traded down $1.65 during mid-day trading on Tuesday, hitting $64.88. The company had a trading volume of 2,088,815 shares, compared to its average volume of 3,394,199. The business has a fifty day simple moving average of $67.93 and a 200-day simple moving average of $91.62. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of -13.42, a PEG ratio of 2.54 and a beta of 0.87. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued 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). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts forecast that Dollar Tree will post 5.35 earnings per share for the current fiscal year.

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.