Short Interest in Dollar Tree, Inc. (NASDAQ:DLTR) Increases By 16.9%

Dollar Tree, Inc. (NASDAQ:DLTRGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 6,490,000 shares, an increase of 16.9% from the May 15th total of 5,550,000 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily volume of 3,100,000 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

DLTR has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Dollar Tree from $168.00 to $143.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Loop Capital decreased their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Morgan Stanley decreased their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Finally, Truist Financial decreased their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.70.

Get Our Latest Analysis on DLTR

Insider Activity at Dollar Tree

In other news, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Capital World Investors lifted its holdings in shares of Dollar Tree by 2.8% in the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after buying an additional 487,180 shares during the period. Capital International Investors lifted its holdings in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the last quarter. FIL Ltd boosted its position in shares of Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Dollar Tree by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after purchasing an additional 348,442 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of DLTR opened at $108.65 on Tuesday. Dollar Tree has a one year low of $102.77 and a one year high of $154.96. The stock’s fifty day moving average is $118.21 and its 200-day moving average is $129.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The firm has a market capitalization of $23.35 billion, a price-to-earnings ratio of -23.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.47 EPS. Equities analysts anticipate that Dollar Tree will post 6.68 EPS for the current year.

About Dollar Tree

(Get Free Report)

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.

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