Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 4,770,000 shares, a decline of 14.2% from the September 30th total of 5,560,000 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,920,000 shares, the days-to-cover ratio is presently 2.5 days.
Shares of DLTR stock traded up $0.10 during trading on Friday, hitting $108.85. The company had a trading volume of 1,164,100 shares, compared to its average volume of 1,374,693. The firm has a market capitalization of $25.65 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. Dollar Tree has a one year low of $81.02 and a one year high of $119.71. The stock’s 50-day moving average price is $113.61 and its 200 day moving average price is $106.67. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. On average, research analysts anticipate that Dollar Tree will post 5.18 earnings per share for the current fiscal year.
DLTR has been the subject of a number of research analyst reports. ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. OTR Global upgraded Dollar Tree from a “mixed” rating to a “positive” rating in a report on Friday, August 23rd. Buckingham Research set a $116.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Friday, August 23rd. Royal Bank of Canada reduced their price objective on Dollar Tree from $113.00 to $108.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, TheStreet cut Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $110.34.
In other news, insider Gary Maxwell sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $107.15, for a total transaction of $300,020.00. Following the completion of the sale, the insider now owns 7,254 shares in the company, valued at $777,266.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Saunders sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $113.65, for a total value of $227,300.00. Following the sale, the director now owns 2,386,145 shares of the company’s stock, valued at approximately $271,185,379.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,519 shares of company stock worth $9,408,464. Company insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Dollar Tree by 4.7% in the second quarter. Vanguard Group Inc. now owns 25,251,187 shares of the company’s stock valued at $2,711,724,000 after purchasing an additional 1,124,357 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Dollar Tree by 15.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,778,093 shares of the company’s stock worth $2,231,360,000 after acquiring an additional 2,816,679 shares during the period. BlackRock Inc. grew its holdings in Dollar Tree by 6.5% during the 2nd quarter. BlackRock Inc. now owns 20,601,534 shares of the company’s stock worth $2,212,401,000 after acquiring an additional 1,260,064 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Dollar Tree by 13.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,671,646 shares of the company’s stock worth $533,315,000 after acquiring an additional 536,989 shares during the period. Finally, Northern Trust Corp grew its holdings in Dollar Tree by 2.5% during the 2nd quarter. Northern Trust Corp now owns 2,999,892 shares of the company’s stock worth $322,158,000 after acquiring an additional 73,236 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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