Dollar Tree Inc. (NASDAQ:DLTR) was the recipient of a large increase in short interest in 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. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily volume of 3,065,966 shares, the days-to-cover ratio is presently 3.1 days.
Dollar Tree (NASDAQ:DLTR) opened at 75.12 on Thursday. Dollar Tree has a 12 month low of $60.31 and a 12 month high of $99.93. The firm’s 50-day moving average price is $83.61 and its 200-day moving average price is $86.68. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 24.92 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Dollar Tree’s revenue for the quarter was up 66.0% compared to the same quarter last year. Equities research analysts predict that Dollar Tree will post $3.81 earnings per share for the current year.
DLTR has been the subject of a number of recent research reports. Vetr cut Dollar Tree from a “buy” rating to a “sell” rating and set a $74.00 price objective for the company. in a research report on Monday. Barclays PLC assumed coverage on Dollar Tree in a research note on Thursday, September 22nd. They issued an “equal weight” rating and a $88.00 price target on the stock. MKM Partners reissued a “buy” rating and issued a $104.00 price target (up from $80.00) on shares of Dollar Tree in a research note on Tuesday, August 23rd. Cleveland Research lowered Dollar Tree from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $89.00 price target (down from $100.00) on shares of Dollar Tree in a research note on Wednesday, August 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $91.77.
In related news, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was purchased at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the transaction, the director now owns 799 shares in the company, valued at approximately $68,394.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lemuel E. Lewis acquired 1,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average price of $85.00 per share, with a total value of $124,950.00. Following the transaction, the director now owns 9,469 shares in the company, valued at approximately $804,865. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc increased its stake in shares of Dollar Tree by 12.0% in the first quarter. Commonwealth Equity Services Inc now owns 15,176 shares of the company’s stock valued at $1,251,000 after buying an additional 1,629 shares during the last quarter. Aperio Group LLC increased its stake in shares of Dollar Tree by 15.8% in the first quarter. Aperio Group LLC now owns 75,941 shares of the company’s stock valued at $6,262,000 after buying an additional 10,382 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its stake in shares of Dollar Tree by 5.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 60,400 shares of the company’s stock valued at $4,981,000 after buying an additional 3,000 shares during the last quarter. Virginia Retirement System acquired a new stake in shares of Dollar Tree during the first quarter valued at $298,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Dollar Tree during the first quarter valued at $202,000. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Dollar Tree Company Profile