Dollar Tree Inc. (NASDAQ:DLTR) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 9,479,613 shares, an increase of 23.9% from the August 31st total of 7,650,917 shares. Based on an average trading volume of 3,065,966 shares, the short-interest ratio is currently 3.1 days. Approximately 4.2% of the company’s shares are short sold.
In other Dollar Tree news, Director Conrad M. Hall purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were purchased at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the acquisition, the director now owns 799 shares of the company’s stock, valued at approximately $68,394.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis purchased 1,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $124,950.00. Following the acquisition, the director now directly owns 9,469 shares of the company’s stock, valued at approximately $804,865. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock worth $100,000 after buying an additional 993 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Dollar Tree during the second quarter worth about $108,000. Signaturefd LLC boosted its stake in Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock worth $119,000 after buying an additional 19 shares in the last quarter. Tredje AP fonden purchased a new stake in Dollar Tree during the second quarter worth about $120,000. Finally, Sun Life Financial INC purchased a new stake in Dollar Tree during the first quarter worth about $107,775,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 78.93 on Friday. The company’s 50 day moving average is $85.24 and its 200-day moving average is $86.72. Dollar Tree has a 52 week low of $60.31 and a 52 week high of $99.93. The company has a market capitalization of $18.61 billion, a PE ratio of 26.19 and a beta of 0.43.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The business’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, analysts expect that Dollar Tree will post $3.81 EPS for the current fiscal year.
Several research analysts recently commented on DLTR shares. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a report on Wednesday, July 6th. Jefferies Group restated a “hold” rating on shares of Dollar Tree in a report on Monday, September 12th. Deutsche Bank AG upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the company from $82.00 to $110.00 in a report on Monday, August 1st. MKM Partners restated a “buy” rating and issued a $104.00 price target (up previously from $80.00) on shares of Dollar Tree in a report on Tuesday, August 23rd. Finally, Atlantic Securities lowered shares of Dollar Tree from a “neutral” rating to an “underweight” rating and cut their price target for the company from $87.00 to $68.00 in a report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.36.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
Receive News & Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.