Shares of the company are trading at $91.72 which is just a bit higher than $86.83, the 50 day moving average and well above the 200 day moving average of $78.28. The 50 day moving average moved up $4.89 and the 200 day average was up $13.44. 1,971K shares changed hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 36.49% under the normal average daily volume.
Traders are feeling more bullish lately looking at the downtick in short interest. The company experienced a fall in short interest of -17.62% as of the latest report on September 29, 2017. Short interest decreased from 5,885,137 to 4,848,160 over that timeframe. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.02% as of September 29.
There has been some selling insider activity on Dollar Tree, Inc. (NASDAQ:DLTR) recently. Chairman Emeritus Macon F. Jr Brock let go of 63,000 shares at an average price of $91.04 on Fri the 13th. That brings Brock’s holdings to $98,773,393 as reported to the SEC. David A. Jacobs, Chief Strategy Officer disclosed the sale of 5,596 shares. The shares were sold on October 6th for a price of $87.09. The Chief Strategy Officer now owns $1,950,032 of the stock according to the SEC filing.
Enterprise President Gary M. Philbin disclosed the sale of 9,950 shares of (DLTR). The shares were purchased at an average price of $84.54. Philbin now owns $842,526 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in DLTR. As of the end of the quarter Capital One, National Association had disposed of 5,620 shares trimming its holdings by 56.1%. The value of the total investment in Dollar Tree, Inc. went from $700,000 to $381,000 decreasing 45.6% quarter over quarter. Shell Asset Management CO divested its holdings by shedding 4,189 shares a decrease of 27.1% as of 09/30/2017. Shell Asset Management CO now holds 11,259 shares valued at $978,000. The total value of its holdings decreased 9.4%.
State Treasurer State Of Michigan downsized its position by selling 5,900 shares a decrease of 7.6%. State Treasurer State Of Michigan owns 71,910 shares with a value of $6,243,000. The value of the position overall is up by 14.8%. Robeco Institutional Asset Management B.v. added to its investment by buying 75 shares an increase of 0.5% in the quarter. Robeco Institutional Asset Management B.v. controls 14,630 shares worth $1,270,000. The total value of its holdings increased 24.8%.
August 25 investment analysts at BMO Capital made no change to the stock rating of “Market Perform” and moved down the price target from $100.00 to $90.00. On August 25 Morgan Stanley kept the company rating at “Equal-Weight” but lowered the price target to $84.00 from $90.00.
August 25 investment analysts at Jefferies held the stock rating at “Hold” but lowered the price expectation from $100.00 to $85.00. On August 25 the company was upgraded to “Strong Buy” from “Market Perform” in a report from Raymond James.
On October 13 the company was set at “Hold” according to a Loop Capital report a cut from the previous “Buy” rating.
Dollar Tree, Inc. currently has a P/E ratio of 23.46 and the market cap of the company is 21.72B. In the latest earnings report the EPS was $3.91 and is expected to be $4.68 for the current year with 236,844,000 shares outstanding. Next quarter’s EPS is forecasted at $1.79 with next year’s EPS anticipated to be $5.15.
Dollar Tree, Inc., launched on February 22, 2008, 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. The Business’s segments 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 consumers with a selection of merchandise in neighborhood stores. The Business’s stores operate under the names of Dollar Tree, Family Dollar and Dollar Tree Canada. As of January 28, 2017, the Dollar Tree segment included 6,360 stores operating under the Dollar Tree and Dollar Tree Canada brands, 11 distribution centers in the United States and two in Canada and a Store Support Center in Chesapeake, Virginia. The Family Dollar segment consists of its operations under the Family Dollar brand, 11 distribution centers and a Store Support Center in Matthews, North Carolina. As of January 28, 2017, the Company offered 7,100 items in its stores. The Company offers a range of everyday basic products, and supplements these basic, everyday items with seasonal, closeout and promotional merchandise..