Dollar Tree, Inc. (NASDAQ:DLTR) Short Interest Up 16.9% in May

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

Insider Buying and Selling at Dollar Tree

In other news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $26,000. United Community Bank acquired a new position in Dollar Tree in the fourth quarter valued at $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree during the first quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $35,000. Finally, City State Bank lifted its holdings 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 purchasing an additional 200 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 2.5 %

NASDAQ DLTR opened at $108.65 on Tuesday. Dollar Tree has a 52 week low of $102.77 and a 52 week high of $154.96. The firm has a 50 day moving average of $118.21 and a two-hundred day moving average of $129.80. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $23.35 billion, a PE ratio of -23.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. The firm 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%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. As a group, research analysts expect that Dollar Tree will post 6.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Jefferies Financial Group cut their target price on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Citigroup cut Dollar Tree from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Finally, KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.70.

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.