While Dollar Tree Inc has underperformed by -0.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DLTR fell by -27.92%, with highs and lows ranging from $154.96 to $101.85, whereas the simple moving average fell by -13.91% in the last 200 days.
On June 06, 2024, Telsey Advisory Group Reiterated Dollar Tree Inc (NASDAQ: DLTR) to Outperform. A report published by Citigroup on June 06, 2024, Downgraded its rating to ‘Neutral’ for DLTR. KeyBanc Capital Markets also Upgraded DLTR shares as ‘Overweight’, setting a target price of $150 on the company’s shares in a report dated May 01, 2024. Gordon Haskett April 03, 2024d the rating to Hold on April 03, 2024, and set its price target from $150 to $140. Gordon Haskett February 07, 2024d its ‘Accumulate’ rating to ‘Buy’ for DLTR, as published in its report on February 07, 2024. JP Morgan’s report from January 29, 2024 suggests a price prediction of $157 for DLTR shares, giving the stock a ‘Overweight’ rating. Goldman also rated the stock as ‘Buy’.
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Analysis of Dollar Tree Inc (DLTR)
Further, the quarter-over-quarter increase in sales is 4.22%, showing a positive trend in the upcoming months.
Dollar Tree Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -12.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and DLTR is registering an average volume of 2.79M. On a monthly basis, the volatility of the stock is set at 2.77%, whereas on a weekly basis, it is put at 2.45%, with a gain of 2.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $139.41, showing growth from the present price of $106.30, which can serve as yet another indication of whether DLTR is worth investing in or should be passed over.
How Do You Analyze Dollar Tree Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.07%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DLTR shares are owned by institutional investors to the tune of 101.28% at present.
