Dollar Tree Target of Unusually Large Options Trading (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of unusually large options trading on Friday. Investors bought 126,033 put options on the stock. This is an increase of approximately 245% compared to the typical daily volume of 36,558 put options.

Dollar Tree Price Performance

DLTR opened at $66.95 on Friday. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of -14.59, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company’s 50-day moving average price is $76.21 and its 200 day moving average price is $99.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar Tree will post 5.33 earnings per share for the current year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA boosted its holdings in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after acquiring an additional 348,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after acquiring an additional 124,021 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Dollar Tree by 0.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after acquiring an additional 12,845 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on DLTR shares. Morgan Stanley lowered their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Sanford C. Bernstein started coverage on shares of Dollar Tree in a research note on Tuesday. They set a “market perform” rating and a $76.00 price objective for the company. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company decreased their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.53.

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.