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Dollar Tree Inc (DLTR) Stock Could Soon Reward Patient Investors

Dollar Tree Inc (NASDAQ: DLTR) is -5.15% lower on its value in year-to-date trading and has touched a low of $102.77 and a high of $161.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DLTR stock was last observed hovering at around $135.91 in the last trading session, with the day’s loss setting it -1.18%.

Currently trading at $134.73, the stock is -0.72% and -2.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -0.87% at the moment leaves the stock 3.10% off its SMA200. DLTR registered -4.32% loss for a year compared to 6-month gain of 26.57%. The firm has a 50-day simple moving average (SMA 50) of $1.28 and a 200-day simple moving average (SMA200) of -$955.49.

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The stock witnessed a -9.24% loss in the last 1 month and extending the period to 3 months gives it a -5.15%, and is 6.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.26% over the month.

Dollar Tree Inc (DLTR) has around 211800 employees, a market worth around $29.37B and $30.60B in sales. Fwd P/E is 16.49. Profit margin for the company is -3.26%. Distance from 52-week low is 31.10% and -16.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.17%).

Dollar Tree Inc quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $7.65B over the same period.The EPS is expected to grow by 17.48% this year, but quarterly earnings will post 2.80% year-over-year.

Dollar Tree Inc (DLTR) Top Institutional Holders

The shares outstanding are 217.91M, and float is at 217.37M with Short Float at 2.63%.

Dollar Tree Inc (DLTR) Insider Activity

The most recent transaction is an insider purchase by Davis Jeffrey A.,the company’sChief Financial Officer. SEC filings show that Davis Jeffrey A. bought 1,800 shares of the company’s common stock on Apr 01 ’24 at a price of $136.00 per share for a total of $0.24 million. Following the purchase, the insider now owns 19047.0 shares.

Dollar Tree Inc disclosed in a document filed with the SEC on Mar 18 ’24 that HEINRICH DANIEL J (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $127.85 per share for $0.13 million. Following the transaction, the insider now directly holds 6225.0 shares of the DLTR stock.

Still, SEC filings show that on Dec 20 ’23, Mantle Ridge LP (Director by deputization) acquired 738,862 shares at an average price of $134.37 for $99.28 million. The insider now directly holds 12,104,493 shares of Dollar Tree Inc (DLTR).

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