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

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 60,378 put options on the company. This represents an increase of approximately 54% compared to the average daily volume of 39,185 put options.

Insider Activity

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DLTR. Empower Advisory Group LLC boosted its stake in shares of 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 acquiring an additional 100,676 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Dollar Tree during the 4th quarter worth $520,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Dollar Tree during the fourth quarter worth $448,000. Intrepid Capital Management Inc. raised its position in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock valued at $2,025,000 after buying an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its stake in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after buying an additional 67,100 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DLTR shares. Truist Financial set a $84.00 target price on Dollar Tree in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. UBS Group reduced their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Bank of America cut their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI raised their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $81.84.

Dollar Tree Stock Performance

Dollar Tree stock traded up $1.41 during mid-day trading on Wednesday, reaching $73.21. 4,628,401 shares of the company traded hands, compared to its average volume of 3,894,471. The firm’s fifty day moving average is $70.79 and its two-hundred day moving average is $70.31. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of -15.35, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $125.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the business earned $2.55 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

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.