Dollar Tree, Inc. (NASDAQ:DLTR) Short Interest Update

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 13,290,000 shares, a growth of 49.7% from the August 31st total of 8,880,000 shares. Based on an average trading volume of 4,040,000 shares, the short-interest ratio is currently 3.3 days. Approximately 6.2% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Hedge funds have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC bought a new stake in Dollar Tree during the 4th quarter valued at $26,000. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the second quarter valued at about $26,000. United Community Bank purchased a new position in Dollar Tree in the fourth quarter valued at about $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the first quarter worth about $28,000. Finally, Mather Group LLC. lifted its position in shares of Dollar Tree by 198.9% during 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 during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Barclays dropped their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. The Goldman Sachs Group dropped their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Piper Sandler reduced their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $91.40.

Dollar Tree Trading Up 0.3 %

DLTR stock traded up $0.24 during mid-day trading on Friday, reaching $73.12. The company had a trading volume of 3,699,614 shares, compared to its average volume of 3,215,042. The company has a market capitalization of $15.72 billion, a PE ratio of -15.93, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. The firm has a 50 day moving average of $87.36 and a 200 day moving average of $106.90. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. On average, equities analysts predict that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

About Dollar Tree

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.