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

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 15,340,000 shares, an increase of 19.5% from the March 15th total of 12,840,000 shares. Currently, 7.2% of the shares of the stock are short sold. Based on an average trading volume of 4,450,000 shares, the short-interest ratio is currently 3.4 days.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its position in Dollar Tree by 37.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company's stock valued at $667,000 after acquiring an additional 2,745 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Dollar Tree by 193.1% during the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock worth $1,416,000 after buying an additional 13,263 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Dollar Tree by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock worth $16,346,000 after buying an additional 1,485 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter worth $30,000. Finally, GAMMA Investing LLC boosted its position in Dollar Tree by 145.0% in the fourth quarter. GAMMA Investing LLC now owns 5,691 shares of the company's stock worth $426,000 after purchasing an additional 3,368 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Up 0.0 %

Shares of DLTR traded up $0.01 during trading hours on Friday, hitting $81.24. The stock had a trading volume of 621,475 shares, compared to its average volume of 3,976,511. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $123.17. The firm has a market capitalization of $17.47 billion, a P/E ratio of -17.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm has a 50 day simple moving average of $71.84 and a 200-day simple moving average of $70.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.55 EPS. Sell-side analysts predict that Dollar Tree will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DLTR. Wells Fargo & Company lifted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the company from $76.00 to $103.00 in a report on Monday, April 7th. Bank of America cut their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Evercore ISI upped their price target on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $81.84.

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.