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

Dollar Tree, Inc. (NASDAQ:DLTR) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 10,990,000 shares, an increase of 14.8% from the December 31st total of 9,570,000 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average trading volume of 4,030,000 shares, the short-interest ratio is currently 2.7 days.

Dollar Tree Stock Down 1.5 %

NASDAQ:DLTR opened at $73.35 on Monday. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market cap of $15.77 billion, a P/E ratio of -15.38, a P/E/G ratio of 2.36 and a beta of 0.90. The firm has a 50-day simple moving average of $72.58 and a two-hundred day simple moving average of $76.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DLTR shares. Telsey Advisory Group restated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. Evercore ISI reduced their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Truist Financial upped their price target on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.58.

Institutional Trading of Dollar Tree

Several large investors have recently modified their holdings of DLTR. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Dollar Tree by 23.2% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,369 shares of the company’s stock worth $552,000 after purchasing an additional 1,387 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Dollar Tree by 36.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,439 shares of the company’s stock valued at $483,000 after buying an additional 1,718 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after buying an additional 100,676 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Dollar Tree by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 76,730 shares of the company’s stock valued at $5,750,000 after buying an additional 357 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Dollar Tree by 35.9% in the 4th quarter. Allworth Financial LP now owns 1,564 shares of the company’s stock valued at $113,000 after acquiring an additional 413 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.