What’s Propelling Dollar Tree, Inc. to Increase So Much?

 What's Propelling Dollar Tree, Inc. to Increase So Much?

In today’s session Dollar Tree, Inc. (DLTR) registered an unusually high (3,760) 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 3,760 contracts traded and 10944 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DLTR161118C00077500 closed last at: $0.8 or 55.6% down. About 197,480 shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 7.55% since March 29, 2016 and is downtrending. It has underperformed by 11.02% 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 18.02% above today’s ($75.51) stock price. Dollar Tree Inc. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Telsey Advisory Group on Monday, February 8. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, May 27. UBS maintained Dollar Tree, Inc. (NASDAQ:DLTR) rating on Friday, May 27. UBS has “Buy” rating and $100 price target. The rating was maintained by Credit Suisse on Wednesday, March 2 with “Underperform”. Cleveland initiated the stock with “Buy” rating in Wednesday, January 27 report. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Overweight” rating given on Thursday, October 13 by KeyBanc Capital Markets. The rating was initiated by Topeka Capital Markets on Tuesday, May 24 with “Buy”. Canaccord Genuity maintained the stock with “Buy” rating in Friday, September 11 report. As per Tuesday, September 27, the company rating was downgraded by Atlantic Securities. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, May 31.

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 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.
Amarillo Comml Bank holds 0.34% or 8,028 shares in its portfolio. Psagot Inv House Limited accumulated 0.04% or 10,350 shares. Meiji Yasuda Life Insurance Company, a Japan-based fund reported 11,153 shares. Lazard Asset Mgmt Lc owns 1,800 shares or 0% of their US portfolio. Artisan Prtnrs Partnership has 0.58% invested in the company for 2.89 million shares. Synovus Fincl Corporation holds 0% or 140 shares in its portfolio. Meiji Yasuda Asset Management last reported 24,910 shares in the company. Pacific Alternative Asset Ltd Liability accumulated 20,080 shares or 0.96% of the stock. Mitchell Capital Mngmt has 4.37% invested in the company for 115,748 shares. Winton Limited, a United Kingdom-based fund reported 5,769 shares. Evercore Wealth Mngmt Ltd Limited Liability Company owns 1,805 shares or 0.01% of their US portfolio. Archford Strategies Limited Liability Com owns 260 shares or 0.01% of their US portfolio. Mizuho Asset Management Coltd last reported 3,176 shares in the company. Legal General Group Public Limited has invested 0.09% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Wells Fargo Comm Mn reported 5.22 million shares or 0.19% of all its holdings.

Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 7 insider sales for $7.19 million net activity. Hall Conrad M. had bought 5,000 shares worth $428,000. 12,297 shares were sold by Sullivan Barry W, worth $1.11 million. $5.12 million worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by SASSER BOB. Witynski Michael A. sold 4,964 shares worth $450,135. 2,974 Dollar Tree, Inc. (NASDAQ:DLTR) shares with value of $269,154 were sold by Matacunas Mike R.. Shares for $124,800 were bought by Lewis Lemuel E. The insider SAUNDERS THOMAS A sold $477,500.

Dollar Tree, Inc. is an operator of discount variety stores. The company has a market cap of $17.99 billion. The Firm operates approximately 13,851 discount variety retail stores. It has a 25.08 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.

Another recent and important Dollar Tree, Inc. (NASDAQ:DLTR) news was published by Investorplace.com which published an article titled: “Why Dollar Tree, Inc. (DLTR), Dr Pepper Snapple Group Inc. (DPS) and Silver …” on October 04, 2016.

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