Dollar Tree, Inc. (NASDAQ:DLTR) saw a significant increase in short interest in the month of September. As of September 14th, there was short interest totalling 7,992,412 shares, an increase of 95.5% from the August 31st total of 4,088,967 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 5,180,830 shares, the days-to-cover ratio is currently 1.5 days.
Hedge funds have recently added to or reduced their stakes in the stock. Signet Financial Management LLC purchased a new stake in Dollar Tree during the second quarter worth about $121,000. grace capital purchased a new stake in Dollar Tree during the second quarter worth about $153,000. Cerebellum GP LLC boosted its holdings in Dollar Tree by 58.9% during the second quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock worth $180,000 after buying an additional 786 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Dollar Tree by 46.0% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock worth $186,000 after buying an additional 690 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Dollar Tree by 35.2% during the second quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock worth $188,000 after buying an additional 574 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on DLTR shares. Morgan Stanley dropped their price objective on shares of Dollar Tree from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, June 1st. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Atlantic Securities upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a research note on Monday, August 13th. Citigroup started coverage on shares of Dollar Tree in a research note on Friday, July 6th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank dropped their price objective on shares of Dollar Tree from $112.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar Tree has an average rating of “Hold” and an average price target of $101.49.
Shares of Dollar Tree stock opened at $84.36 on Thursday. Dollar Tree has a 52-week low of $79.17 and a 52-week high of $116.65. The company has a current ratio of 2.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66. The stock has a market cap of $20.37 billion, a PE ratio of 17.46, a PEG ratio of 1.10 and a beta of 0.77.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). The firm had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. equities analysts anticipate that Dollar Tree will post 5.5 earnings per share for the current fiscal year.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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