Set Your Sights On Dollar Tree Inc (NASDAQ: DLTR)’S Upside Potential

Dollar Tree Inc (DLTR) concluded trading on Wednesday at a closing price of $134.19, with 2.94 million shares of worth about $394.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.22% during that period and on April 3, 2024 the price saw a loss of about -0.40%. Currently the company’s common shares owned by public are about 217.91M shares, out of which, 217.37M shares are available for trading.

Stock saw a price change of 5.22% in past 5 days and over the past one month there was a price change of -8.35%. Year-to-date (YTD), DLTR shares are showing a performance of -5.53% which decreased to -6.52% 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 2.86 million. The stock is currently trading -0.69% below its 20-day simple moving average (SMA20), while that difference is down -2.73% for SMA50 and it goes to 2.70% higher than SMA200.

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Dollar Tree Inc (NASDAQ: DLTR) currently have 217.91M outstanding shares and institutions hold larger chunk of about 102.67% of that.

The stock has a current market capitalization of $29.25B and its 3Y-monthly beta is at 0.90. It has posted earnings per share of -$4.62 in the same period. It has Quick Ratio of 0.22 while making debt-to-equity ratio of 1.42. 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 2.38% while standing at 2.25% over the month.

Analysts are in expectations that Dollar Tree Inc (DLTR) stock would likely to be making an EPS of $1.42 in the current quarter, while forecast for next quarter EPS is $1.2 and it is $8.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.35 which is $1.5 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 $1.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.48% while it is estimated to increase by 18.09% in next year. EPS is likely to grow at an annualized rate of 9.48% for next 5-years, compared to annual growth of 7.42% 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 Gordon Haskett on Apr-04-24 offering a Hold rating for the stock and assigned a target price range of between $150 and $140 to it. Coverage by Gordon Haskett stated Dollar Tree Inc (DLTR) stock as a Buy in their note to investors on February 07, 2024, suggesting a price target of $160 for the stock. On January 29, 2024, JP Morgan Upgrade their recommendations, while on October 17, 2023, Goldman Upgrade their ratings for the stock with a price target of $137. Stock get an Outperform rating from Exane BNP Paribas on October 10, 2023.

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