Short Interest in Dollar Tree, Inc. (NASDAQ:DLTR) Decreases By 5.1%

Dollar Tree, Inc. (NASDAQ:DLTR) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 6,160,000 shares, a decline of 5.1% from the May 31st total of 6,490,000 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is currently 2.2 days.

Dollar Tree Stock Performance

Shares of DLTR opened at $107.11 on Wednesday. The firm has a 50-day moving average price of $114.48 and a 200 day moving average price of $128.33. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. Dollar Tree has a 52-week low of $101.85 and a 52-week high of $154.96.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. On average, sell-side analysts predict that Dollar Tree will post 6.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors lifted its holdings in Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after acquiring an additional 487,180 shares during the last quarter. Capital International Investors lifted its position in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares in the last quarter. FIL Ltd lifted its position in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Dollar Tree by 14.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after purchasing an additional 348,442 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Dollar Tree from $152.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Guggenheim upped their price target on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.45.

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.