Traders Purchase High Volume of Put Options on Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) saw unusually large options trading on Friday. Stock traders purchased 148,634 put options on the stock. This represents an increase of approximately 146% compared to the average daily volume of 60,434 put options.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DLTR. Citigroup raised their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Melius Research assumed coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They issued a "hold" rating and a $70.00 price target on the stock. Telsey Advisory Group restated a "market perform" rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. Piper Sandler reiterated a "neutral" rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Finally, Redburn Atlantic raised shares of Dollar Tree to a "hold" rating in a research report on Monday, September 23rd. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $85.58.

Dollar Tree Stock Performance

DLTR traded up $0.93 during trading on Friday, reaching $72.90. 2,703,764 shares of the company's stock were exchanged, compared to its average volume of 3,155,084. The company has a market capitalization of $15.67 billion, a P/E ratio of -15.28, a PEG ratio of 2.28 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $70.14 and a 200 day moving average price of $80.40. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $7.57 billion for 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 was up 3.5% on a year-over-year basis. As a group, analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently modified their holdings of the stock. Nordea Investment Management AB grew its holdings in shares of Dollar Tree by 7.0% in the 4th quarter. Nordea Investment Management AB now owns 19,507 shares of the company's stock worth $1,463,000 after purchasing an additional 1,277 shares during the last quarter. 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 valued at $426,000 after buying an additional 3,368 shares in the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter worth about $30,000. Principal Financial Group Inc. increased its holdings in shares of Dollar Tree by 0.6% during the third 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 in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Dollar Tree by 193.1% during the third 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. 97.40% of the stock is currently owned by institutional investors.

About Dollar Tree

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.