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

Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 6,160,000 shares, a decline of 5.1% from the May 31st total of 6,490,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DLTR. Morgan Stanley dropped their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. Jefferies Financial Group lowered their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Finally, Evercore ISI upped their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of “Moderate Buy” and a consensus target price of $142.45.

Dollar Tree Stock Performance

DLTR opened at $105.95 on Thursday. Dollar Tree has a twelve month low of $101.85 and a twelve month high of $154.96. 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 company has a 50-day moving average price of $114.17 and a 200 day moving average price of $128.16.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $1.47 EPS. Equities research analysts predict that Dollar Tree will post 6.63 EPS for the current year.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Hedge funds have recently bought and sold shares of the business. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the 4th quarter valued at about $26,000. United Community Bank purchased a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $35,000. Finally, City State Bank grew its stake in shares of Dollar Tree by 200.0% in the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.