Stock Traders Buy Large Volume of Put Options on Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of unusually large options trading on Thursday. Stock traders purchased 84,439 put options on the company. This represents an increase of approximately 158% compared to the typical volume of 32,688 put options.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. Mount Yale Investment Advisors LLC increased its holdings in Dollar Tree by 4.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after purchasing an additional 96 shares during the last quarter. Salomon & Ludwin LLC grew its position in Dollar Tree by 27.0% in the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after buying an additional 110 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Dollar Tree by 2.1% during the second quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock valued at $603,000 after acquiring an additional 116 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Down 0.6 %

Shares of Dollar Tree stock opened at $68.94 on Friday. The company’s fifty day simple moving average is $80.56 and its two-hundred day simple moving average is $103.06. Dollar Tree has a 12-month low of $60.81 and a 12-month 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. The company has a market cap of $14.82 billion, a P/E ratio of -14.13, a PEG ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period last year, the business earned $0.91 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Research analysts anticipate that Dollar Tree will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several analyst reports. Guggenheim dropped their target price on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Barclays decreased their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Truist Financial decreased their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, KeyCorp dropped their target price on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $88.00.

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.