Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) was the recipient of some unusual options trading on Thursday. Traders acquired 98,897 put options on the company. This represents an increase of 75% compared to the average daily volume of 56,532 put options.
Analyst Ratings Changes
DLTR has been the subject of several recent analyst reports. Truist Financial increased their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, December 5th. BMO Capital Markets raised their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Thursday, December 5th. The Goldman Sachs Group cut their price objective on Dollar Tree from $145.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. Finally, Morgan Stanley dropped their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $85.58.
Check Out Our Latest Research Report on DLTR
Dollar Tree Price Performance
Shares of DLTR traded up $2.81 during midday trading on Thursday, hitting $76.19. The company's stock had a trading volume of 2,665,812 shares, compared to its average volume of 3,433,492. Dollar Tree has a one year low of $60.49 and a one year high of $151.21. 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 company's fifty day simple moving average is $68.14 and its two-hundred day simple moving average is $83.00. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of -15.97, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. As a group, equities analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Dollar Tree
A number of hedge funds have recently modified their holdings of DLTR. EverSource Wealth Advisors LLC lifted its holdings in Dollar Tree by 35.2% in the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company's stock valued at $69,000 after buying an additional 171 shares during the period. UMB Bank n.a. lifted its stake in shares of Dollar Tree by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $57,000 after purchasing an additional 183 shares during the period. Alan B Lancz & Associates Inc. boosted its position in shares of Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company's stock valued at $229,000 after purchasing an additional 200 shares in the last quarter. AM Squared Ltd grew its stake in Dollar Tree by 12.5% during the third quarter. AM Squared Ltd now owns 1,800 shares of the company's stock worth $127,000 after purchasing an additional 200 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Dollar Tree by 1.6% in the second quarter. Federated Hermes Inc. now owns 13,367 shares of the company's stock worth $1,427,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Dollar Tree Company Profile
(
Get Free Report)
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.
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