Dollar Tree, Inc. (NASDAQ:DLTR) was the target of unusually large options trading on Tuesday. Investors purchased 27,648 call options on the stock. This is an increase of 861% compared to the typical volume of 2,876 call options.

Several research analysts recently issued reports on DLTR shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price on shares of Dollar Tree in a research report on Tuesday, July 4th. BTIG Research reaffirmed a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research report on Monday, May 22nd. Gordon Haskett started coverage on Dollar Tree in a research report on Tuesday, May 9th. They set a “buy” rating and a $98.00 target price for the company. Johnson Rice raised Dollar Tree from an “accumulate” rating to a “buy” rating in a research report on Monday, April 24th. Finally, Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $86.00 in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $86.91.

In related news, Director Conrad M. Hall bought 5,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average cost of $66.16 per share, with a total value of $330,800.00. Following the transaction, the director now directly owns 63,299 shares in the company, valued at $4,187,861.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lemuel E. Lewis bought 3,475 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the transaction, the director now owns 12,744 shares in the company, valued at $910,558.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 10,375 shares of company stock valued at $705,819. 4.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in DLTR. Vanguard Group Inc. increased its position in Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC increased its position in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. BlackRock Inc. increased its position in Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. State Street Corp increased its position in Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares during the last quarter. Finally, Maverick Capital Ltd. increased its position in Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. 91.56% of the stock is owned by institutional investors.

Dollar Tree (NASDAQ:DLTR) opened at 74.34 on Friday. The firm has a market cap of $17.60 billion, a P/E ratio of 20.37 and a beta of 0.68. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $96.40. The firm’s 50-day moving average price is $71.24 and its 200-day moving average price is $75.67.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. Dollar Tree’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree will post $4.48 earnings per share for the current fiscal year.

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About Dollar Tree

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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