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

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DLTR. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Melius Research initiated coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 target price for the company. Redburn Atlantic raised Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI cut their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.58.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently bought and sold shares of the company. Empower Advisory Group LLC grew its stake in shares of Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares during the last quarter. Equity Investment Corp boosted its stake in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after buying an additional 746,913 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Dollar Tree in the 3rd quarter valued at about $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Dollar Tree in the third quarter valued at about $2,813,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $75.99 on Friday. 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 has a 52 week low of $60.49 and a 52 week high of $151.21. The company’s 50 day moving average price is $68.46 and its two-hundred day moving average price is $82.72. The company has a market capitalization of $16.34 billion, a P/E ratio of -15.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for 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%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

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.