Dollar Tree, Inc. (NASDAQ:DLTR) Sees Significant Drop in Short Interest

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 11,605,184 shares, a drop of 16.4% from the January 29th total of 13,874,973 shares. Approximately 6.2% of the company’s shares are short sold. Based on an average daily volume of 2,807,901 shares, the short-interest ratio is currently 4.1 days. Based on an average daily volume of 2,807,901 shares, the short-interest ratio is currently 4.1 days. Approximately 6.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BNP Paribas Exane cut shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective on the stock. in a research report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “sell” rating and set a $103.00 price target (down from $133.00) on shares of Dollar Tree in a report on Thursday, November 13th. Jefferies Financial Group reissued an “underperform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research report on Wednesday, December 3rd. Truist Financial set a $156.00 target price on Dollar Tree in a research report on Friday, January 16th. Finally, Bank of America upped their target price on Dollar Tree from $75.00 to $85.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $124.62.

Insider Activity at Dollar Tree

In other news, insider Brent A. Beebe sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $124.65, for a total transaction of $274,230.00. Following the transaction, the insider owned 13,740 shares of the company’s stock, valued at approximately $1,712,691. The trade was a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DLTR. Cullen Frost Bankers Inc. purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $25,000. Reflection Asset Management bought a new position in Dollar Tree in the fourth quarter worth approximately $25,000. Covestor Ltd lifted its holdings in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after buying an additional 84 shares during the period. Root Financial Partners LLC bought a new stake in Dollar Tree during the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership purchased a new position in shares of Dollar Tree in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock opened at $117.85 on Thursday. The stock has a market cap of $23.43 billion, a price-to-earnings ratio of -8.76, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.22. Dollar Tree has a 1 year low of $61.80 and a 1 year high of $142.40. The firm has a 50-day moving average of $127.33 and a two-hundred day moving average of $112.74.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 3rd. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.70 billion. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share. On average, research analysts forecast that Dollar Tree will post 5.39 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.