Dollar Tree, Inc. (NASDAQ:DLTR – Get Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 7,510,000 shares, a drop of 11.0% from the December 31st total of 8,440,000 shares. Based on an average trading volume of 2,260,000 shares, the short-interest ratio is currently 3.3 days. Approximately 3.5% of the company’s shares are short sold.
Dollar Tree Stock Performance
Shares of DLTR opened at $132.73 on Monday. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $161.10. The business’s fifty day simple moving average is $130.78 and its two-hundred day simple moving average is $126.59. The company has a current ratio of 1.36, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 6.28 and a beta of 0.90.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings data on Wednesday, November 29th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.40 billion. Dollar Tree had a return on equity of 13.34% and a net margin of 3.92%. Dollar Tree’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. Research analysts anticipate that Dollar Tree will post 5.99 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Dollar Tree from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, November 30th. BNP Paribas started coverage on shares of Dollar Tree in a report on Tuesday, October 10th. They issued an “outperform” rating and a $139.00 price objective for the company. StockNews.com started coverage on shares of Dollar Tree in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Truist Financial boosted their price target on shares of Dollar Tree from $135.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Bank of America lowered their price objective on shares of Dollar Tree from $112.00 to $105.00 in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Dollar Tree has an average rating of “Moderate Buy” and a consensus target price of $146.76.
Insiders Place Their Bets
In other news, Director Ridge Lp Mantle acquired 738,862 shares of the stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average cost of $134.37 per share, with a total value of $99,280,886.94. Following the completion of the purchase, the director now owns 12,104,493 shares in the company, valued at approximately $1,626,480,724.41. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.00% of the company’s stock.
Hedge Funds Weigh In On Dollar Tree
Hedge funds and other institutional investors have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in Dollar Tree in the 4th quarter worth $27,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Dollar Tree during the 2nd quarter valued at about $28,000. Farther Finance Advisors LLC grew its stake in shares of Dollar Tree by 111.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after acquiring an additional 120 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Dollar Tree in the 3rd quarter worth approximately $26,000. Finally, VitalStone Financial LLC bought a new stake in Dollar Tree during the 1st quarter worth approximately $34,000. 97.40% of the stock is owned by institutional investors.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail 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.