Dollar Tree, Inc. (NASDAQ:DLTR) Short Interest Update

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 11,605,184 shares, a decline of 16.4% from the January 29th total of 13,874,973 shares. Currently, 6.2% of the shares of the company are short sold. Based on an average daily volume of 2,807,901 shares, the short-interest ratio is presently 4.1 days. Based on an average daily volume of 2,807,901 shares, the short-interest ratio is presently 4.1 days. Currently, 6.2% of the shares of the company are short sold.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded down $1.05 during midday trading on Wednesday, hitting $117.36. 388,548 shares of the company traded hands, compared to its average volume of 2,990,152. The firm’s fifty day moving average price is $127.40 and its 200-day moving average price is $112.71. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of -8.73, a PEG ratio of 1.53 and a beta of 0.73. Dollar Tree has a 12 month low of $61.80 and a 12 month high of $142.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 3rd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The firm had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.70 billion. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. As a group, sell-side analysts forecast that Dollar Tree will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

DLTR has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating and set a $132.00 price objective on shares of Dollar Tree in a research note on Friday, February 27th. BMO Capital Markets cut Dollar Tree from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $110.00 to $95.00 in a research report on Friday, February 13th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $103.00 price objective (down from $133.00) on shares of Dollar Tree in a research report on Thursday, November 13th. Sanford C. Bernstein increased their price objective on shares of Dollar Tree from $109.00 to $123.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Finally, BNP Paribas Exane cut shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 target price for the company. in a research report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $124.62.

Insider Transactions at Dollar Tree

In other Dollar Tree news, insider Brent A. Beebe sold 2,200 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $124.65, for a total transaction of $274,230.00. Following the transaction, the insider owned 13,740 shares in the company, valued at $1,712,691. This represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $25,000. Reflection Asset Management bought a new stake in Dollar Tree during the 4th quarter worth approximately $25,000. Covestor Ltd increased its position in Dollar Tree by 60.9% in the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares during the period. YANKCOM Partnership bought a new position in shares of Dollar Tree during the fourth quarter valued at $31,000. Finally, DV Equities LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $32,000. 97.40% of the stock is currently owned by institutional investors.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.