Dollar Tree Inc. (NASDAQ:DLTR) saw a downside of -2.96% to close Tuesday at $146.52 after subtracting -$4.47 on the day. The 5-day average trading volume is 2,928,180 shares of the company’s common stock. It has gained $154.01 in the past week and touched a new high 3 times within the past 5 days. An average of 1,901,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,301,390.
DLTR’s 1-month performance is 4.52% or $4.61 on its low of $137.95 reached on 01/04/23. The company’s shares have touched a 52-week low of $123.62 and high of $177.19, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, DLTR has achieved 3.59% or $5.08 and has reached a new high 6 times. However, the current price is down -17.31% from the 52-week high price.
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DLTR stock investors last saw insider trading activity on Apr 08.Jacobs David A. (Chief Strategy Officer) most recently sold 1,346 shares at $162.80 per share on Apr 08. This transaction cost the insider $219,123. Chief Strategy Officer, Jacobs David A., sold 542 shares at a price of $157.94 on Apr 07.
DLTR stock has a beta of 0.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.13 while the price-to-book (PB) in the most recent quarter is 3.93, with the price to cash flow ratio at 16.57.
Dollar Tree Inc.’s quick ratio for the period ended October 30 was 0.20, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending October 30 was 0.41, while the total debt to equity was 0.46.. In terms of profitability, the gross margin trailing 12 months is 31.40%. The firm’s gross profit as reported stood at $7.74 billion against revenue of $26.32 billion.
For the quarterly period ending October 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.77% to $266.9 million, while revenue of $359.9 million was -34.84% off the previous quarter. Analysts expected DLTR to announce $1.18 per share in earnings in its latest quarter, but it posted $1.2, representing a 1.70% surprise. EBITDA for the quarter stood at more than $571.4 million. DLTR stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 14.63 billion, with total debt at $10.35 billion. Shareholders hold equity totaling $221.19 million.
Let’s look briefly at Dollar Tree Inc. (DLTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 51.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.26%.
The stock’s 5-day moving average is $146.49, reflecting a -0.82% or -$1.21 change from its current price. DLTR is currently trading +4.62% above its 20-day SMA, +6.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.40% and SMA200 by-6.11%.
Stochastic %K and %D was 80.71% and 75.01% and the average true range (ATR) pointed at 4.30. The RSI (14) points at 51.40%, while the 14-day stochastic is at 53.36% with the period’s ATR at 4.05. The stock’s 9-day MACD Oscillator is pointing at 1.54 and 2.66 on the 14-day charts.
In the most recent analyst report for Dollar Tree Inc. (NASDAQ: DLTR), Gordon Haskett downgraded it to a Accumulate rating. They previously had a Buy rating on the stock. Analysts offering their rating for DLTR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DLTR as a “sell,”, while 11 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.
What is DLTR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $109.00 and a high of $195.00, with their median price target at $170.00. Looking at these predictions, the average price target given by analysts is for Dollar Tree Inc. (DLTR) stock is $166.67.