Short Interest in Dollar Tree, Inc. (NASDAQ:DLTR) Increases By 14.8%

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) was the recipient of a significant increase in short interest during the month of 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. Currently, 5.1% of the company's stock are short sold. Based on an average daily volume of 4,030,000 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLTR. Northwestern Mutual Wealth Management Co. lifted its stake in Dollar Tree by 101.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company's stock worth $316,000 after purchasing an additional 1,490 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Dollar Tree in the 2nd quarter worth $779,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Dollar Tree by 321.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 199,726 shares of the company's stock worth $21,325,000 after purchasing an additional 152,326 shares in the last quarter. Czech National Bank lifted its stake in Dollar Tree by 4.2% in the 3rd quarter. Czech National Bank now owns 41,159 shares of the company's stock worth $2,894,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Dollar Tree by 9.6% in the 3rd quarter. Park Avenue Securities LLC now owns 16,458 shares of the company's stock worth $1,157,000 after purchasing an additional 1,447 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

DLTR has been the subject of several analyst reports. Truist Financial increased their price objective on Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Evercore ISI lowered their price objective on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Guggenheim lowered their price objective on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Piper Sandler reissued a "neutral" rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $85.58.

Dollar Tree Stock Down 0.6 %

Shares of DLTR traded down $0.47 during mid-day trading on Wednesday, reaching $73.84. The company had a trading volume of 1,282,858 shares, compared to its average volume of 2,765,703. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a 50-day moving average price of $72.72 and a 200 day moving average price of $76.08. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of -15.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the business earned $0.97 EPS. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Dollar Tree will post 5.39 EPS for the current 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.