Dollar Tree, Inc. (NASDAQ:DLTR) Sees Significant Decrease in Short Interest

Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 3,850,000 shares, a decrease of 20.1% from the April 15th total of 4,820,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.7% of the company’s shares are sold short.

In other news, Director Daniel J. Heinrich acquired 425 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The shares were bought at an average cost of $156.09 per share, with a total value of $66,338.25. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Jacobs sold 542 shares of the firm’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $157.94, for a total transaction of $85,603.48. Following the sale, the insider now directly owns 17,085 shares in the company, valued at approximately $2,698,404.90. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. lifted its holdings in Dollar Tree by 2.3% during the 1st quarter. Bridgewater Advisors Inc. now owns 2,916 shares of the company’s stock worth $467,000 after buying an additional 66 shares in the last quarter. Morris Capital Advisors LLC lifted its holdings in Dollar Tree by 0.4% during the 4th quarter. Morris Capital Advisors LLC now owns 19,179 shares of the company’s stock worth $2,695,000 after buying an additional 73 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Dollar Tree by 7.8% during the 1st quarter. FNY Investment Advisers LLC now owns 1,059 shares of the company’s stock worth $169,000 after buying an additional 77 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in Dollar Tree by 0.4% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 17,692 shares of the company’s stock worth $2,833,000 after buying an additional 77 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its holdings in Dollar Tree by 1.1% during the 4th quarter. Fortis Capital Management LLC now owns 8,392 shares of the company’s stock worth $1,179,000 after buying an additional 89 shares in the last quarter. Institutional investors own 98.54% of the company’s stock.

DLTR has been the subject of several recent research reports. Piper Sandler upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $157.00 to $181.00 in a research report on Wednesday, March 9th. Guggenheim lifted their price target on shares of Dollar Tree from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 3rd. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 23rd. StockNews.com raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $200.00 in a report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $154.70.

Shares of NASDAQ:DLTR traded down $3.96 during mid-day trading on Tuesday, reaching $157.49. 46,280 shares of the company were exchanged, compared to its average volume of 2,048,814. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.30. The firm has a market cap of $35.45 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.30 and a beta of 0.70. The firm’s 50-day simple moving average is $161.04 and its 200 day simple moving average is $143.71. Dollar Tree has a 1 year low of $84.26 and a 1 year high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.22. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $2.13 EPS. On average, research analysts forecast that Dollar Tree will post 7.91 earnings per share for the current fiscal year.

Dollar Tree Company Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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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