Trade Report: The Dollar Tree Inc. (DLTR) Short Interest Update

The Dollar Tree Inc. (DLTR) Short Interest Update

Dollar Tree Inc. (NASDAQ:DLTR) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 8,862,846 shares, a drop of 17.3% from the October 31st total of 10,715,651 shares. Based on an average daily trading volume, of 2,145,179 shares, the short-interest ratio is presently 4.1 days. Currently, 3.9% of the company’s shares are sold short.

Shares of Dollar Tree (NASDAQ:DLTR) opened at 89.18 on Monday. Dollar Tree has a one year low of $72.52 and a one year high of $99.93. The company has a market cap of $21.03 billion, a PE ratio of 29.59 and a beta of 0.57. The stock’s 50 day moving average price is $78.04 and its 200-day moving average price is $85.88.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.03. The firm earned $5 billion during the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. On average, analysts expect that Dollar Tree will post $3.81 EPS for the current year.

In other news, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total value of $203,781.29. Following the transaction, the insider now directly owns 8,904 shares in the company, valued at approximately $740,901.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis purchased 1,470 shares of Dollar Tree stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $85.00 per share, for a total transaction of $124,950.00. Following the completion of the transaction, the director now directly owns 9,469 shares in the company, valued at $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of DLTR. DAVENPORT & Co LLC raised its stake in Dollar Tree by 2.8% in the second quarter. DAVENPORT & Co LLC now owns 656,497 shares of the company’s stock valued at $61,868,000 after buying an additional 17,909 shares during the period. Gateway Investment Advisers LLC raised its stake in Dollar Tree by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 43,120 shares of the company’s stock valued at $4,064,000 after buying an additional 589 shares during the period. Forte Capital LLC ADV raised its stake in Dollar Tree by 2.7% in the second quarter. Forte Capital LLC ADV now owns 26,123 shares of the company’s stock valued at $2,462,000 after buying an additional 690 shares during the period. Gulf International Bank UK Ltd raised its stake in Dollar Tree by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 68,117 shares of the company’s stock valued at $6,419,000 after buying an additional 200 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Dollar Tree by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,669 shares of the company’s stock valued at $19,005,000 after buying an additional 2,917 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Several research firms have recently issued reports on DLTR. Credit Suisse Group AG set a $69.00 price target on Dollar Tree and gave the stock a “sell” rating in a research report on Wednesday, October 5th. Cleveland Research lowered Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 4th. Deutsche Bank AG upgraded Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the stock from $82.00 to $110.00 in a research report on Monday, August 1st. Atlantic Securities lowered Dollar Tree from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $87.00 to $68.00 in a research report on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $101.00 price objective on shares of Dollar Tree in a research note on Tuesday, September 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $91.23.

Dollar Tree Company Profile

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