Dollar Tree Sees Unusually High Options Volume (DLTR)
Dollar Tree, Inc. (NASDAQ:DLTR) was the target of some unusual options trading on Tuesday. Stock traders purchased 20,355 call options on the company. This represents an increase of approximately 273% compared to the average daily volume of 5,455 call options.
Shares of Dollar Tree (NASDAQ DLTR) opened at 79.64 on Friday. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.41. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 20.37 and a beta of 0.68. The stock’s 50 day moving average price is $73.75 and its 200-day moving average price is $75.73.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree will post $4.65 EPS for the current fiscal year.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,900 shares of Dollar Tree stock in a transaction on Monday, June 26th. The stock was bought at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the transaction, the director now owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the transaction, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders have purchased a total of 10,375 shares of company stock valued at $705,819 in the last 90 days. Insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. raised its position in Dollar Tree by 39.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 15,674 shares of the company’s stock valued at $1,230,000 after buying an additional 4,445 shares in the last quarter. Waldron LP acquired a new position in Dollar Tree during the first quarter valued at $203,000. Korea Investment CORP raised its position in Dollar Tree by 0.5% in the first quarter. Korea Investment CORP now owns 117,754 shares of the company’s stock valued at $9,239,000 after buying an additional 626 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock valued at $124,000 after buying an additional 750 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Dollar Tree by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 7,432 shares of the company’s stock valued at $583,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
DLTR has been the subject of a number of analyst reports. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $86.00 in a research report on Wednesday, June 28th. Deutsche Bank AG boosted their price target on Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. BTIG Research reiterated a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Gordon Haskett initiated coverage on Dollar Tree in a research report on Tuesday, May 9th. They set a “buy” rating and a $98.00 price target for the company. Finally, Bank of America Corporation reiterated a “buy” rating and set a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $88.04.
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About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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