Jacobs David A. Acquires Dollar Tree Inc. (DLTR) Shares

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Dollar Tree Inc. (NASDAQ:DLTR) finished Wednesday with a subtraction of -$0.75 to close at $141.87, a downside of -0.53 percent. An average of 2,979,780 shares of common stock have been traded in the last five days. There was a gain of $3.86 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 3,672,660 shares traded, while the 50-day average volume stands at 2,569,752.

DLTR stock has decreased by -15.26% in the last month. The company shares reached their 1-month lowest point of $134.33 on 09/01/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $84.26 and a high of $177.19 in 52 weeks. It has reached a new high 23 times so far this year and achieved 0.96% or $1.35 in price. In spite of this, the price is down -19.93% from the 52-week high.


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Insider Transactions

167 days have passed since Dollar Tree Inc. (DLTR) last reported insider trading activity. Jacobs David A., who is Chief Strategy Officer, most recently acquired $1,346 shares at $162.80 per share on Apr 08. In this transaction, the insider spent $219,123. Chief Strategy Officer, Jacobs David A., disposed of 542 shares at a price of $157.94 on Apr 07. The insider now owns more than $85,604 worth of shares. Prior to that, Chief Strategy Officer Jacobs David A. went on to Sale 3,395 shares at $143.00 each on Jan 06. An amount of $485,488 was transacted.

Valuation Metrics

Dollar Tree Inc. (DLTR) has a trailing price-to-earnings (P/E) ratio of 20.52. The stock’s beta is 0.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.14, the price-to-book (PB) ratio at 3.79, and the price-to-cash flow ratio at 18.55.

Financial Health

The quick ratio of Dollar Tree Inc. for the three months ended July 30 was 0.20, and the current ratio was 1.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.00 for the quarter ending July 30. Its gross profit as reported stood at $7.74 billion compared to revenue of $26.32 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Dollar Tree Inc.’s return on assets was 7.10%.

Earnings Surprise

For the three-month period that ended July 30, Dollar Tree Inc. had $3.42 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $359.9 million in the quarter, while revenues of $536.4 million were grew 21.53%. The analyst consensus anticipated Dollar Tree Inc.’s latest quarter earnings to come in at $1.59 per share, but it turned out to be $1.6, a 0.60% surprise. For the quarter, EBITDA amounted to $700.1 million. Shareholders own equity worth $223.94 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Dollar Tree Inc. (DLTR) price momentum. RSI 9-day as of the close on 21 September was 44.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.44%.

As of today, DLTR’s price is $141.45 +2.80% or $3.86 from its 5-day moving average. DLTR is currently trading -14.59% lower than its 20-day SMA and -15.10% lower than its 100-day SMA. However, the stock’s current price level is -13.56% below the SMA50 and +3.52% above the SMA200.

The stochastic %K and %D were 68.71% and 63.67%, respectively, and the average true range (ATR) was 4.14. With the 14-day stochastic at 63.67% and the average true range at 4.36, the RSI (14) stands at 41.28%. The stock has reached 0.91 on the 9-day MACD Oscillator while the 14-day reading was at 1.69.

Analyst Ratings

Piper Sandler upgraded Dollar Tree Inc. (NASDAQ: DLTR) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Dollar Tree Inc. (DLTR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DLTR, while 9 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.

What is DLTR’s price target for the next 12 months?

Analysts predict a range of price targets between $123.00 and $195.00, with a median target of $170.00. Taking a look at these predictions, the average price target given by analysts for Dollar Tree Inc. (DLTR) stock is $168.26.

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