Dollar Tree, Inc. (NASDAQ:DLTR) was the recipient of some unusual options trading on Tuesday. Stock traders bought 8,970 put options on the company. This represents an increase of 1,083% compared to the typical daily volume of 758 put options.

In related news, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Jacobs sold 9,192 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total value of $917,361.60. Following the completion of the transaction, the insider now owns 13,199 shares in the company, valued at $1,317,260.20. The disclosure for this sale can be found here. Insiders sold 260,641 shares of company stock worth $23,726,199 over the last quarter. 4.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DLTR. State of Alaska Department of Revenue raised its stake in shares of Dollar Tree by 17.7% in the second quarter. State of Alaska Department of Revenue now owns 2,594 shares of the company’s stock valued at $181,000 after acquiring an additional 390 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Dollar Tree in the second quarter valued at $156,000. LS Investment Advisors LLC raised its stake in shares of Dollar Tree by 3.5% in the second quarter. LS Investment Advisors LLC now owns 8,193 shares of the company’s stock valued at $573,000 after acquiring an additional 274 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Dollar Tree by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the company’s stock valued at $1,028,000 after acquiring an additional 200 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Dollar Tree by 0.4% in the second quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock valued at $5,440,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Dollar Tree (NASDAQ:DLTR) opened at $99.77 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.43 and a current ratio of 1.95. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $100.74. The company has a market capitalization of $23,581.62, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.59.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. sell-side analysts predict that Dollar Tree will post 4.7 EPS for the current fiscal year.

DLTR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Buckingham Research reiterated a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Loop Capital reiterated a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, August 22nd. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $98.21.

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About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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