Dollar Tree, Inc. (NASDAQ:DLTR) Sees Large Increase in Short Interest

Dollar Tree, Inc. (NASDAQ:DLTR) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 9,300,000 shares, a growth of 5.3% from the July 31st total of 8,830,000 shares. Based on an average daily trading volume, of 2,780,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.3% of the shares of the company are short sold.

Insider Buying and Selling at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC acquired a new position in Dollar Tree in the fourth quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $26,000. United Community Bank acquired a new position in shares of Dollar Tree during the fourth quarter worth about $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree in the first quarter worth about $28,000. Finally, Mather Group LLC. grew its stake in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 3.4 %

Shares of DLTR traded down $2.84 on Tuesday, hitting $81.65. 6,735,396 shares of the stock traded hands, compared to its average volume of 2,780,035. Dollar Tree has a 1 year low of $81.55 and a 1 year high of $151.21. The stock’s 50 day moving average is $100.66 and its two-hundred day moving average is $116.83. The firm has a market capitalization of $17.55 billion, a P/E ratio of -18.41, a P/E/G ratio of 0.93 and a beta of 0.88. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. As a group, sell-side analysts predict that Dollar Tree will post 6.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on DLTR. Evercore ISI raised their target price on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Morgan Stanley reduced their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Piper Sandler cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $143.00 to $112.00 in a report on Tuesday, July 16th. Citigroup downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and reduced their price target for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. Finally, Truist Financial dropped their price objective on Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.56.

Dollar Tree Company Profile

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.