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

Dollar Tree, Inc. (NASDAQ:DLTR) saw some unusual options trading activity on Friday. Traders bought 12,504 put options on the company. This is an increase of 7% compared to the typical daily volume of 11,712 put options.

Analysts Set New Price Targets

DLTR has been the topic of several research analyst reports. Morgan Stanley cut their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. UBS Group lowered their price objective on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Finally, Truist Financial lowered their target price on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.55.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently bought and sold shares of DLTR. Legacy Capital Wealth Partners LLC bought a new stake in shares of Dollar Tree in the second quarter worth approximately $273,000. TIAA Trust National Association grew its stake in shares of Dollar Tree by 14.9% in the second quarter. TIAA Trust National Association now owns 2,130 shares of the company’s stock worth $227,000 after acquiring an additional 276 shares during the period. Resonant Capital Advisors LLC grew its stake in shares of Dollar Tree by 7.7% in the second quarter. Resonant Capital Advisors LLC now owns 4,932 shares of the company’s stock worth $527,000 after acquiring an additional 354 shares during the period. Natixis Advisors LLC grew its stake in shares of Dollar Tree by 85.3% in the second quarter. Natixis Advisors LLC now owns 379,206 shares of the company’s stock worth $40,488,000 after acquiring an additional 174,576 shares during the period. Finally, Equitable Trust Co. bought a new stake in shares of Dollar Tree in the second quarter worth approximately $637,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Down 1.1 %

Shares of DLTR stock traded down $1.07 on Friday, hitting $98.68. 1,192,210 shares of the company’s stock traded hands, compared to its average volume of 2,755,119. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree has a one year low of $98.36 and a one year high of $152.46. The company’s fifty day simple moving average is $108.04 and its 200 day simple moving average is $123.33.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period last year, the company posted $1.47 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar Tree will post 6.63 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.