Technical Outlook And Game Plan For Dollar Tree Inc (NASDAQ: DLTR)

Dollar Tree Inc (DLTR) concluded trading on Thursday ata closing price of $97.19, with 3.51 million shares of worth about $341.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.52% during that period and on August 15, 2024 the price saw a gain of about 5.22%. Currently the company’s common shares owned by public are about 217.91M shares, out of which, 214.74M shares are available for trading.

Stock saw a price change of 2.38% in past 5 days and over the past one month there was a price change of -7.74%. Year-to-date (YTD), DLTR shares are showing a performance of -31.58% which decreased to -32.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $91.40 but also hit the highest price of $151.21 during that period. The average intraday trading volume for Dollar Tree Inc shares is 2.81 million. The stock is currently trading -3.16% below its 20-day simple moving average (SMA20), while that difference is down -7.15% for SMA50 and it goes to -20.71% lower than SMA200.

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Dollar Tree Inc (NASDAQ: DLTR) currently have 217.91M outstanding shares and institutions hold larger chunk of about 99.62% of that.

The stock has a current market capitalization of $20.89B and its 3Y-monthly beta is at 0.90. It has posted earnings per share of -$4.59 in the same period. It has Quick Ratio of 0.23 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 2.96% while standing at 2.85% over the month.

Stock’s fiscal year EPS is expected to rise by 12.70% while it is estimated to increase by 17.95% in next year. EPS is likely to grow at an annualized rate of 15.28% 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 Piper Sandler on July 16, 2024 offering a Neutral rating for the stock and assigned a target price range of between $143 and $112 to it. Coverage by Telsey Advisory Group stated Dollar Tree Inc (DLTR) stock as an Outperform in their note to investors on June 06, 2024, suggesting a price target of $155 for the stock. On June 06, 2024, Citigroup Downgrade their recommendations, while on May 01, 2024, KeyBanc Capital Markets Upgrade their ratings for the stock with a price target of $150. Stock get a Hold rating from Gordon Haskett on April 03, 2024.

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