Dollar Tree Target of Unusually Large Options Trading (DLTR)
Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 8,347 put options on the company. This is an increase of 366% compared to the typical daily volume of 1,791 put options.
In related news, insider Mike R. Matacunas sold 6,756 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $76.81, for a total value of $518,928.36. Following the transaction, the insider now directly owns 8,088 shares of the company’s stock, valued at approximately $621,239.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert H. Rudman sold 2,559 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $78.34, for a total transaction of $200,472.06. Following the completion of the transaction, the insider now directly owns 4,893 shares in the company, valued at $383,317.62. The disclosure for this sale can be found here. Insiders sold a total of 62,040 shares of company stock worth $4,868,165 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. BOKF NA raised its stake in Dollar Tree by 45.1% in the third quarter. BOKF NA now owns 5,339 shares of the company’s stock worth $421,000 after buying an additional 1,660 shares during the last quarter. Crestwood Capital Management L.P. raised its stake in Dollar Tree by 120.0% in the third quarter. Crestwood Capital Management L.P. now owns 116,600 shares of the company’s stock worth $9,203,000 after buying an additional 63,600 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Dollar Tree by 9.4% in the third quarter. TimesSquare Capital Management LLC now owns 1,655,175 shares of the company’s stock worth $130,643,000 after buying an additional 142,775 shares during the last quarter. Airain ltd purchased a new stake in Dollar Tree during the third quarter worth $10,856,000. Finally, Montag & Caldwell LLC raised its stake in Dollar Tree by 22.8% in the third quarter. Montag & Caldwell LLC now owns 2,458,967 shares of the company’s stock worth $194,086,000 after buying an additional 456,452 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on DLTR shares. Sanford C. Bernstein started coverage on shares of Dollar Tree in a research note on Monday, February 6th. They issued an “underperform” rating and a $63.00 price target on the stock. Citigroup Inc decreased their target price on shares of Dollar Tree from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, March 6th. Johnson Rice raised shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a research note on Monday, April 24th. Buckingham Research reissued a “buy” rating and issued a $101.00 target price on shares of Dollar Tree in a research note on Monday, February 27th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $96.00 target price on shares of Dollar Tree in a research note on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.57.
Dollar Tree (NASDAQ:DLTR) traded down 0.98% during mid-day trading on Wednesday, reaching $78.08. 5,002,682 shares of the company traded hands. Dollar Tree has a 52-week low of $72.55 and a 52-week high of $99.93. The stock has a market capitalization of $18.45 billion, a PE ratio of 20.66 and a beta of 0.62. The stock has a 50-day moving average of $79.81 and a 200 day moving average of $79.40.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.62 billion. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. Dollar Tree’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. Equities research analysts expect that Dollar Tree will post $4.47 earnings per share for the current year.
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Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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