Dollar Tree, Inc. (NASDAQ:DLTR) Short Interest Up 14.8% in January

Dollar Tree, Inc. (NASDAQ:DLTRGet Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 10,990,000 shares, an increase of 14.8% from the December 31st total of 9,570,000 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average trading volume of 4,030,000 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its stake in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Dollar Tree by 0.5% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after buying an additional 35,862 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after buying an additional 158,385 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after buying an additional 165,398 shares during the last quarter. Finally, Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after buying an additional 746,913 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Trading Down 1.5 %

DLTR opened at $73.35 on Monday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of -15.38, a PEG ratio of 2.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The business has a fifty day moving average price of $72.58 and a 200 day moving average price of $76.76.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the previous year, the firm posted $0.97 EPS. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research reports. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.58.

Get Our Latest Report on Dollar Tree

Dollar Tree Company Profile

(Get Free Report)

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.

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