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

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) was the target of unusually large options trading on Wednesday. Traders bought 60,378 put options on the company. This represents an increase of approximately 54% compared to the typical volume of 39,185 put options.

Dollar Tree Trading Up 0.6 %

Shares of NASDAQ DLTR traded up $0.51 during mid-day trading on Monday, hitting $79.65. The stock had a trading volume of 5,944,551 shares, compared to its average volume of 3,947,942. The firm has a market cap of $17.13 billion, a P/E ratio of -16.70, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $123.41. The business has a 50 day moving average price of $71.05 and a two-hundred day moving average price of $70.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for 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 company's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.55 EPS. On average, equities analysts anticipate that Dollar Tree will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DLTR shares. Bank of America reduced their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim cut their price target on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Telsey Advisory Group raised their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company increased their target price on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $81.84.

Insider Buying and Selling

In related news, Director William W. Douglas III purchased 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were 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 $316,055.70. The trade was a 22.64 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empower Advisory Group LLC increased its position in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after purchasing an additional 100,676 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of Dollar Tree in the 4th quarter worth $520,000. Strategic Wealth Investment Group LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $448,000. Intrepid Capital Management Inc. grew its stake in shares of Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after acquiring an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp raised its stake in Dollar Tree by 253.2% in the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after acquiring an additional 67,100 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.