Over a week ago
Options
Bullish option flow…
Bullish option flow detected in Dollar Tree with 2,087 calls trading, 2x expected, and implied vol increasing over 1 point to 28.06%. Mar-23 155 calls and 1/27 weekly 150 calls are the most active options, with total volume in those strikes near 740 contracts. The Put/Call Ratio is 0.30. Earnings are expected on March 1st.
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$150.47 / +0.875 (+0.58%)
01/24/23 Dollar Tree announces Witynski stepping down from the Board, leaving company 11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart $150.47 / +0.875 (+0.58%)
01/24/23 Gordon Haskett Dollar Tree downgraded to Accumulate at Gordon Haskett after CEO change 01/24/23 Gordon Haskett Dollar Tree downgraded to Accumulate from Buy at Gordon Haskett 01/19/23 JPMorgan Dollar Tree price target lowered to $160 from $170 at JPMorgan 12/19/22 Credit Suisse Dollar Tree initiated with a Neutral at Credit Suisse $150.47 / +0.875 (+0.58%)
11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open $150.47 / +0.875 (+0.58%)
09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says $150.47 / +0.875 (+0.58%)
11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday $150.47 / +0.875 (+0.58%)
01/24/23 Dollar Tree put volume heavy and directionally bearish 11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish
Options
Bearish flow noted in…
Bearish flow noted in Dollar Tree with 5,429 puts trading, or 3x expected. Most active are 1/27 weekly 148 puts and 1/27 weekly 147 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 3.90, while ATM IV is up over 1 point on the day. Earnings are expected on March 1st.
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01/24/23 Dollar Tree announces Witynski stepping down from the Board, leaving company 11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 01/24/23 Gordon Haskett Dollar Tree downgraded to Accumulate at Gordon Haskett after CEO change 01/24/23 Gordon Haskett Dollar Tree downgraded to Accumulate from Buy at Gordon Haskett 01/19/23 JPMorgan Dollar Tree price target lowered to $160 from $170 at JPMorgan 12/19/22 Credit Suisse Dollar Tree initiated with a Neutral at Credit Suisse 11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open 09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says 11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday 11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish
Downgrade
Gordon Haskett analyst…
Gordon Haskett analyst Chuck Grom downgraded Dollar Tree to Accumulate from Buy with an unchanged price target of $163 after the company announced that Mike Witynski, who has served as CEO since 2020, is stepping down and that executive Chairman Rick Dreiling will expand his role to assume the position of CEO, effective January 29. While the firm said Dreiling is "indeed a phenomenal change agent for the company," the path forward "could be a bit choppy in the near-term" and the CEO change boosts the odds of an "EPS reset," Gordon Haskett tells investors. Given factors on both the macro and micro fronts, the firm has lowered its FY23 EPS estimate to $7.10 from $7.95.
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$149.92 / -1.055 (-0.70%)
01/24/23 Dollar Tree announces Witynski stepping down from the Board, leaving company 11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart $149.92 / -1.055 (-0.70%)
01/24/23 Gordon Haskett Dollar Tree downgraded to Accumulate from Buy at Gordon Haskett 01/19/23 JPMorgan Dollar Tree price target lowered to $160 from $170 at JPMorgan 12/19/22 Credit Suisse Dollar Tree initiated with a Neutral at Credit Suisse 11/23/22 Deutsche Bank Dollar Tree price target raised to $194 from $163 at Deutsche Bank $149.92 / -1.055 (-0.70%)
11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open $149.92 / -1.055 (-0.70%)
09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says $149.92 / -1.055 (-0.70%)
11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday $149.92 / -1.055 (-0.70%)
11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish
Downgrade
Gordon Haskett analyst…
Gordon Haskett analyst Chuck Grom downgraded Dollar Tree to Accumulate from Buy.
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01/24/23 Dollar Tree announces Witynski stepping down from the Board, leaving company 11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 01/19/23 JPMorgan Dollar Tree price target lowered to $160 from $170 at JPMorgan 12/19/22 Credit Suisse Dollar Tree initiated with a Neutral at Credit Suisse 11/23/22 Deutsche Bank Dollar Tree price target raised to $194 from $163 at Deutsche Bank 11/23/22 Evercore ISI Dollar Tree price target lowered to $160 from $170 at Evercore ISI 11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open 09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says 11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday 11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish
Hot Stocks
Dollar Tree announced…
Dollar Tree announced that Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, is stepping down from the Board and leaving the Company. Executive Chairman Rick Dreiling will expand his role to assume the position of Chief Executive Officer, effective January 29. "The opportunity to work with the talented and dedicated team at Dollar Tree has been the most rewarding of my career. During this especially dynamic period, we made the historic and consequential move to 'break the dollar,' and also rose to the historic opportunity to retool the Company's leadership ranks to face the challenges ahead with fresh eyes. As I depart, I have full confidence that this team will continue to move the Company forward through the years ahead," said Mr. Witynski.
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11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 09/28/22 Dollar Tree appoints Pedro Voyer as chief development officer 01/19/23 JPMorgan Dollar Tree price target lowered to $160 from $170 at JPMorgan 12/19/22 Credit Suisse Dollar Tree initiated with a Neutral at Credit Suisse 11/23/22 Deutsche Bank Dollar Tree price target raised to $194 from $163 at Deutsche Bank 11/23/22 Evercore ISI Dollar Tree price target lowered to $160 from $170 at Evercore ISI 11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open 09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says 11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday 11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish
Recommendations
JPMorgan analyst Matthew…
JPMorgan analyst Matthew Boss lowered the firm's price target on Dollar Tree to $160 from $170 and keeps an Overweight rating on the shares following recent management access and fieldwork.
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11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 09/28/22 Dollar Tree appoints Pedro Voyer as chief development officer 12/19/22 Credit Suisse Dollar Tree initiated with a Neutral at Credit Suisse 11/23/22 Deutsche Bank Dollar Tree price target raised to $194 from $163 at Deutsche Bank 11/23/22 Evercore ISI Dollar Tree price target lowered to $160 from $170 at Evercore ISI 11/23/22 UBS Dollar Tree price target raised to $177 from $171 at UBS 11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open 09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says 11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday 11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish 07/21/22 Dollar Tree put volume heavy and directionally bearish
Over a month ago
Initiation
Credit Suisse analyst…
Credit Suisse analyst Karen Short initiated coverage of Dollar Tree with a Neutral rating and $150 price target. While she sees reasons to be "constructive," her near-term concerns include an investment cadence that she contends "is underappreciated by investors" and a belief that consensus estimates are not realistic given the imminent announcement of additional investments.
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11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 09/28/22 Dollar Tree appoints Pedro Voyer as chief development officer 11/23/22 Deutsche Bank Dollar Tree price target raised to $194 from $163 at Deutsche Bank 11/23/22 Evercore ISI Dollar Tree price target lowered to $160 from $170 at Evercore ISI 11/23/22 UBS Dollar Tree price target raised to $177 from $171 at UBS 11/22/22 Gordon Haskett Dollar Tree price target lowered to $163 at Gordon Haskett 11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open 09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says 11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday 11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish 07/21/22 Dollar Tree put volume heavy and directionally bearish
Recommendations
Deutsche Bank analyst…
Deutsche Bank analyst Krisztina Katai raised the firm's price target on Dollar Tree to $194 from $163 and keeps a Buy rating on the shares. The analyst is "encouraged" by the company's sales progress in Q3. Both Dollar Tree banners posted sales upside, with same-store-sales improving as the quarter progressed, leading to the raised revenue guidance for 2022, Katai tells investors in a research note.
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$152.38 / -12.87 (-7.79%)
11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 09/28/22 Dollar Tree appoints Pedro Voyer as chief development officer $152.38 / -12.87 (-7.79%)
11/23/22 Evercore ISI Dollar Tree price target lowered to $160 from $170 at Evercore ISI 11/23/22 UBS Dollar Tree price target raised to $177 from $171 at UBS 11/22/22 Gordon Haskett Dollar Tree price target lowered to $163 at Gordon Haskett 11/16/22 OTR Global Dollar Tree view upgraded to Positive from Mixed at OTR Global $152.38 / -12.87 (-7.79%)
11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open $152.38 / -12.87 (-7.79%)
09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says $152.38 / -12.87 (-7.79%)
11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday $152.38 / -12.87 (-7.79%)
11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish 07/21/22 Dollar Tree put volume heavy and directionally bearish
Recommendations
Evercore ISI analyst…
Evercore ISI analyst Michael Montani lowered the firm's price target on Dollar Tree to $160 from $170 and keeps an In Line rating on the shares. He is reducing his calendar year 2023 EPS estimate 7% to $7.65 as "an extend turnaround timeline appears likely," but Montani believes traffic is likely to stabilize in 2023 amid consumer trade down and turnaround traction.
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$152.38 / -12.87 (-7.79%)
11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 09/28/22 Dollar Tree appoints Pedro Voyer as chief development officer $152.38 / -12.87 (-7.79%)
11/23/22 UBS Dollar Tree price target raised to $177 from $171 at UBS 11/22/22 Gordon Haskett Dollar Tree price target lowered to $163 at Gordon Haskett 11/16/22 OTR Global Dollar Tree view upgraded to Positive from Mixed at OTR Global 09/06/22 JPMorgan Dollar Tree price target raised to $176 from $171 at JPMorgan $152.38 / -12.87 (-7.79%)
11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open $152.38 / -12.87 (-7.79%)
09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says $152.38 / -12.87 (-7.79%)
11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday $152.38 / -12.87 (-7.79%)
11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish 07/21/22 Dollar Tree put volume heavy and directionally bearish
Recommendations
UBS analyst Michael…
UBS analyst Michael Lasser raised the firm's price target on Dollar Tree to $177 from $171 and keeps a Buy rating on the shares. The company's Q3 results have created a lot of debate, the analyst tells investors in a research note, noting that while its sales were nicely ahead of expectations and lends credibility to the idea that it can "sustain a healthy rate of top-line growth", the rest of the print raised questions around its earnings visibility into FY23 and beyond. Lasser adds that he believes the core Dollar Tree busienss can sustain low-single-digit comps even absent a pricing benefit.
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$152.38 / -12.87 (-7.79%)
11/22/22 Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward 11/17/22 Dollar Tree announces four new leadership additions 11/15/22 Large retailers, discount stores, Amazon jump on Q3 earnings beat by Walmart 09/28/22 Dollar Tree appoints Pedro Voyer as chief development officer $152.38 / -12.87 (-7.79%)
11/22/22 Gordon Haskett Dollar Tree price target lowered to $163 at Gordon Haskett 11/16/22 OTR Global Dollar Tree view upgraded to Positive from Mixed at OTR Global 09/06/22 JPMorgan Dollar Tree price target raised to $176 from $171 at JPMorgan 08/29/22 Deutsche Bank Dollar Tree price target lowered to $163 from $185 at Deutsche Bank $152.38 / -12.87 (-7.79%)
11/22/22 Dollar Tree sees Q4 revenue $7.54B-$7.68B, consensus $7.52B 11/22/22 Dollar Tree sees FY22 EPS in lower half of $7.10-$7.40 range, consensus $7.32 11/22/22 Dollar Tree reports Q3 EPS $1.20, consensus $1.18 11/21/22 Notable companies reporting before tomorrow's open $152.38 / -12.87 (-7.79%)
09/17/22 IBM, CVS among cheap stocks not deserving to be in bargain bin, Barron's says $152.38 / -12.87 (-7.79%)
11/22/22 What You Missed On Wall Street On Tuesday 11/22/22 What You Missed On Wall Street This Morning 11/22/22 Fly Intel: Pre-market Movers 08/25/22 What You Missed On Wall Street On Thursday $152.38 / -12.87 (-7.79%)
11/14/22 Dollar Tree put volume heavy and directionally bearish 08/01/22 Early notable gainers among liquid option names on August 1st 07/26/22 Dollar Tree put volume heavy and directionally bearish 07/21/22 Dollar Tree put volume heavy and directionally bearish
