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

Dollar Tree, Inc. (NASDAQ:DLTR) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 6,160,000 shares, a drop of 5.1% from the May 31st total of 6,490,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 2,800,000 shares, the short-interest ratio is presently 2.2 days.

Insiders Place Their Bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the firm’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 completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree in the 1st quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Dollar Tree in the 4th quarter worth 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 worth $43,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $105.95 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The company’s 50-day moving average price is $114.17 and its two-hundred day moving average price is $128.16. Dollar Tree has a 52 week low of $101.85 and a 52 week high of $154.96.

Dollar Tree (NASDAQ:DLTR) 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. As a group, analysts expect that Dollar Tree will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DLTR. Jefferies Financial Group reduced their price target on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Telsey Advisory Group reduced their price target on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Piper Sandler reduced their price target on shares of Dollar Tree from $168.00 to $143.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Loop Capital reduced their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Finally, Truist Financial reduced their price target on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.45.

Dollar Tree Company Profile

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.