Assessing Whether Dollar Tree Inc (NASDAQ: DLTR) Is Over- Or Undervalued

Mantle Ridge LP has recently announced that it has increased stake in Dollar Tree Inc (NASDAQ:DLTR) by 20.02%. After grabbing 13.64 million shares, the institutional investor is now in possession of 2.28 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 6.26% having worth around $1.94 billion. Moreover, Nomura Securities Co., Ltd. increased its share by 66161.0 to have a control over 10.36 million shares. And Capital Research & Management Co raised its holdings to 0.52 million shares by acquiring 8.14 million shares or 3.73% of the stake.

Dollar Tree Inc (DLTR) concluded trading on Thursday at a closing price of $132.23, with 2.61 million shares of worth about $344.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.85% during that period and on Thursday, January 25 the price saw a gain of about 1.59%. Currently the company’s common shares owned by public are about 221.22M shares, out of which, 217.28M shares are available for trading.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 82,402 shares in 19 of the transactions. In 7 selling transactions, insiders dumped 20,294 shares.

American Funds Fundamental Invest, Vanguard Total Stock Market ETF, and American Funds Growth Fund of Ame are the top 3 mutual funds which are holding stakes in Dollar Tree Inc American Funds Fundamental Invest is currently holding 8.32 million shares of worth totaling $1.18 billion. The company recently came buying 0.0 shares which brought its stake up to 3.82% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 5579.0 shares, after which its hold over company’s outstanding shares expand to 3.01%, leaving 6.56 million shares with the mutual fund that have a worth of about $931.8 million. American Funds Growth Fund of Ame, after buying 5.42 million shares, have now control over 2.49% of the stake in the company. It holds 0.0 shares of worth $769.24 million.

However, the stock later moved at a day high price of 132.44, or with a gain of 1.59%. Stock saw a price change of -0.21% in past 5 days and over the past one month there was a price change of -3.17%. Year-to-date (YTD), DLTR shares are showing a performance of -6.91% which decreased to -9.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.77 but also hit the highest price of $161.10 during that period. The average intraday trading volume for Dollar Tree Inc shares is 2.27 million. The stock is currently trading -3.09% below its 20-day simple moving average (SMA20), while that difference is up 2.75% for SMA50 and it goes to -0.54% lower than SMA200.

Mantle Ridge LP acquired 13.64 million shares of Dollar Tree Inc having value of about $1.94 billion. Data submitted at the U.S SEC by Mantle Ridge LP revealed that the firm now holds 2.28 million shares in the company valued at close to $300872571.79, or have control over 20.02% stake in the company. Dollar Tree Inc (NASDAQ: DLTR) currently have 221.22M outstanding shares and institutions hold larger chunk of about 99.51% of that. Holding of mutual funds in the company is about 38.31% while other institutional holders and individual stake holders have control over 61.65% and 10.92% of the stake respectively.

The stock has a current market capitalization of $28.81B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 25.13, while it has posted earnings per share of $5.26 in the same period. Its PEG reads 10.47 and has Quick Ratio of 0.17 while making debt-to-equity ratio of 1.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DLTR, volatility over the week remained 2.09% while standing at 1.99% over the month.

Analysts are in expectations that Dollar Tree Inc (DLTR) stock would likely to be making an EPS of $Digital Realty Trust, Inc. in the current quarter, while forecast for next quarter EPS is $142.19 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Dollar Tree, Inc. which is $Altair Engineering Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Duluth Holdings Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.29% while it is estimated to increase by 17.82% in next year. EPS is likely to grow at an annualized rate of 2.40% for next 5-years, compared to annual growth of 0.00% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on October 17, 2023 offering a Buy rating for the stock and assigned a target price range of between $150 and $137 to it.

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