Could Dollar Tree, Inc. Rise Even More? The Stock Had Bullish Options Activity

 Could Dollar Tree, Inc. Rise Even More? The Stock Had Bullish Options Activity

In today’s session Dollar Tree, Inc. (DLTR) registered an unusually high (8,672) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DLTR increase. With 8,672 contracts traded and 5114 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DLTR161118C00082500 closed last at: $1.3 or 52.9% up. About 4.76 million shares traded hands or 36.39% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 3.05% since March 1, 2016 and is downtrending. It has underperformed by 12.29% the S&P500.

Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage

Out of 22 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. $102 is the highest target while $60 is the lowest. The $88.29 average target is 15.53% above today’s ($76.42) stock price. Dollar Tree Inc. has been the topic of 43 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Friday, May 27, the company rating was maintained by UBS. The rating was downgraded by M Partners to “Neutral” on Friday, August 26. The rating was reinitiated by JP Morgan with “Overweight” on Friday, November 6. Telsey Advisory Group upgraded the shares of DLTR in a report on Monday, February 8 to “Outperform” rating. Citigroup maintained Dollar Tree, Inc. (NASDAQ:DLTR) on Monday, June 6 with “Neutral” rating. The firm has “Hold” rating by TheStreet given on Thursday, September 3. The rating was initiated by Topeka Capital Markets with “Buy” on Tuesday, May 24. Cantor Fitzgerald maintained Dollar Tree, Inc. (NASDAQ:DLTR) on Wednesday, September 2 with “Buy” rating. The stock has “Buy” rating given by Bank of America on Friday, September 4. The firm has “Buy” rating given on Tuesday, February 23 by Buckingham Research.

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.03, from 1.12 in 2016Q1. The ratio is negative, as 45 funds sold all Dollar Tree, Inc. shares owned while 201 reduced positions. 68 funds bought stakes while 199 increased positions. They now own 219.56 million shares or 3.27% less from 226.99 million shares in 2016Q1.
First Quadrant Lp Ca holds 0.11% or 50,700 shares in its portfolio. New York State Teachers Retirement System holds 0.1% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 417,251 shares. The Netherlands-based Apg Asset Management Nv has invested 0.07% in Dollar Tree, Inc. (NASDAQ:DLTR). Gulf International Savings Bank (Uk) Limited holds 68,117 shares or 0.11% of its portfolio. Hartford Investment accumulated 0.11% or 56,091 shares. Credit Suisse Ag reported 465,330 shares or 0.05% of all its holdings. Capital Guardian last reported 3,761 shares in the company. Benjamin F Edwards & Inc has 0% invested in the company for 198 shares. Connors Investor Service has 3,400 shares for 0.06% of their US portfolio. Odey Asset Grp Inc Limited accumulated 3,078 shares or 0.03% of the stock. Price T Rowe Associate Inc Md last reported 0.01% of its portfolio in the stock. Bluecrest Mngmt Ltd last reported 21,385 shares in the company. Ngam Ltd Partnership has 0.02% invested in the company for 16,243 shares. Maple Mngmt accumulated 60,640 shares or 2.09% of the stock. Timessquare Mgmt Ltd accumulated 1.51M shares or 0.94% of the stock.

Insider Transactions: Since April 6, 2016, the stock had 3 buys, and 8 insider sales for $7.37 million net activity. Hall Conrad M. bought 5,000 shares worth $428,000. 60,000 Dollar Tree, Inc. (NASDAQ:DLTR) shares with value of $5.12 million were sold by SASSER BOB. The insider Old William A. JR sold 2,616 shares worth $235,440. Sullivan Barry W sold $203,776 worth of stock or 2,449 shares. Lewis Lemuel E also bought $124,800 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares. $450,135 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares were sold by Witynski Michael A.. $477,500 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by SAUNDERS THOMAS A on Monday, July 11.

Dollar Tree, Inc. is an operator of discount variety stores. The company has a market cap of $18.16 billion. The Firm operates approximately 13,851 discount variety retail stores. It has a 25.38 P/E ratio. The Company’s divisions include Dollar Tree and Family Dollar.

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