Dollar Tree Inc (NASDAQ: DLTR) is -10.36% 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 $128.22 in the last trading session, with the day’s loss setting it -0.89%.
Currently trading at $127.33, the stock is -3.14% and -7.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -0.69% at the moment leaves the stock -2.43% off its SMA200. DLTR registered -14.57% loss for a year compared to 6-month gain of 20.86%. The firm has a 50-day simple moving average (SMA 50) of $1.22 and a 200-day simple moving average (SMA200) of -$916.05.
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The stock witnessed a -13.91% loss in the last 1 month and extending the period to 3 months gives it a -7.44%, and is -5.49% down 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 2.53% over the week and 2.39% over the month.
Dollar Tree Inc (DLTR) has around 211800 employees, a market worth around $27.76B and $30.60B in sales. Fwd P/E is 15.58. Profit margin for the company is -3.26%. Distance from 52-week low is 23.90% and -20.96% 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
1,097 institutions hold shares in Dollar Tree Inc (DLTR), with institutional investors hold 105.18% of the company’s shares. The shares outstanding are 217.91M, and float is at 217.33M with Short Float at 2.63%. Institutions hold 104.89% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 23.91 million shares valued at $3.43 billion. The investor’s holdings represent 10.87% of the DLTR Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 18.98 million shares valued at $2.72 billion to account for 8.63% of the shares outstanding. The other top investors are Blackrock Inc. which holds 15.24 million shares representing 6.92% and valued at over $2.19 billion, while Mantle Ridge LP holds 5.17% of the shares totaling 11.37 million with a market value of $1.63 billion.
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).
