In today’s session Dollar Tree, Inc. (DLTR) recorded an unusually high (1,402) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious DLTR decrease. With 1,402 contracts traded and 10244 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: DLTR161021P00077500 closed last at: $1.2 or 41.2% up. About 218,885 shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 5.84% since March 15, 2016 and is downtrending. It has underperformed by 11.32% the S&P500.
Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage
Out of 23 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 13 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 57% are positive. $102 is the highest target while $60 is the lowest. The $89.12 average target is 16.41% above today’s ($76.56) stock price. Dollar Tree Inc. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, October 13. BMO Capital Markets maintained the shares of DLTR in a report on Tuesday, May 31 with “Market Perform” rating. The firm earned “Buy” rating on Friday, May 27 by UBS. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Market Perform” rating by Raymond James on Wednesday, March 2. The rating was reinitiated by JP Morgan on Friday, November 6 with “Overweight”. The rating was maintained by Citigroup on Wednesday, August 31 with “Neutral”. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Wednesday, September 2 by Cantor Fitzgerald. Bank of America upgraded the stock to “Buy” rating in Friday, September 4 report. The firm has “Neutral” rating given on Friday, August 26 by M Partners. Cleveland initiated Dollar Tree, Inc. (NASDAQ:DLTR) on Wednesday, January 27 with “Buy” rating.
According to Zacks Investment Research, “Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns and perform well in a variety of locations. They offer a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.03, from 1.12 in 2016Q1. The ratio turned 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.
Commonwealth Equity Inc last reported 13,534 shares in the company. Crestwood Cap Lp holds 1.25% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 53,000 shares. Janney Montgomery Scott Ltd Liability Corporation holds 30,025 shares or 0.04% of its portfolio. Moreover, Liberty Mutual Group Inc Asset Management Inc has 0.05% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 15,865 shares. Moreover, Nationwide Fund has 0.09% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 218,736 shares. Morgan Stanley has 0.02% invested in the company for 572,042 shares. Employees Retirement Of Texas has invested 0.02% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Moreover, Smithfield Trust Com has 0.03% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 1,652 shares. State Of Alaska Department Of Revenue accumulated 5,294 shares or 0.05% of the stock. Comerica Secs Inc has 2,135 shares for 0.13% of their US portfolio. Arizona State Retirement System, a Arizona-based fund reported 68,100 shares. Louisiana State Employees Retirement Systems holds 0.08% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 15,500 shares. Cramer Rosenthal Mcglynn Ltd Co has 135,185 shares for 0.21% of their US portfolio. Arrow owns 8,030 shares or 0.2% of their US portfolio. Lmr Prns Llp, a United Kingdom-based fund reported 26,104 shares.
Insider Transactions: Since April 23, 2016, the stock had 3 insider purchases, and 8 sales for $7.37 million net activity. 12,297 shares were sold by Sullivan Barry W, worth $1.11 million. Shares for $450,135 were sold by Witynski Michael A. on Wednesday, June 1. Lewis Lemuel E also bought $124,950 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares. $180,154 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by RUDMAN ROBERT H. 60,000 shares with value of $5.12M were sold by SASSER BOB on Thursday, May 26. $235,440 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares were sold by Old William A. JR. $269,154 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares were sold by Matacunas Mike R..
Dollar Tree, Inc. is an operator of discount variety stores. The company has a market cap of $17.90 billion. The Firm operates approximately 13,851 discount variety retail stores. It has a 25.42 P/E ratio. The Company’s divisions include Dollar Tree and Family Dollar.
DLTR Company Profile
Dollar Tree, Inc., incorporated on February 22, 2008, is an operator of discount variety stores. The Firm operates approximately 13,851 discount variety retail stores in approximately 48 states and over five Canadian provinces. The Company’s divisions include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing clients with a selection of merchandise in neighborhood stores. The Company’s stores operate under the names of Dollar Tree, Family Dollar, Dollar Tree Canada, Deals and Dollar Tree Deals. The Dollar Tree segment includes its activities under the Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals brands, approximately 10 distribution centers in the United States and over two in Canada, and a Store Support Center in Chesapeake, Virginia. The Family Dollar segment consists of its activities under the Family Dollar brand, over 11 distribution centers and a Store Support Center in Matthews, North Carolina.
More recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Seekingalpha.com which released: “Dollar Tree: Future Performance Will Be Challenged” on October 17, 2016. Also Investorplace.com published the news titled: “Why Dollar Tree, Inc. (DLTR), Dr Pepper Snapple Group Inc. (DPS) and Silver …” on October 04, 2016. Forbes.com‘s news article titled: “Dollar Tree is Now Oversold (DLTR)” with publication date: October 04, 2016 was also an interesting one.
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