The stock price of Dollar Tree Inc (NASDAQ: DLTR) has dropped by -1.04 compared to previous close of 125.36. Despite this, the company has seen a fall of -2.57% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Dollar Tree (DLTR) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Dollar Tree Inc (NASDAQ: DLTR) Right Now?
Additionally, the 36-month beta value for DLTR is 0.91. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for DLTR is 217.33M and currently, short sellers hold a 2.20% ratio of that float. The average trading volume of DLTR on April 17, 2024 was 2.98M shares.
DLTR’s Market Performance
DLTR’s stock has seen a -2.57% decrease for the week, with a -2.64% drop in the past month and a -8.75% fall in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 2.27% for Dollar Tree Inc. The simple moving average for the past 20 days is -4.06% for DLTR’s stock, with a -4.62% simple moving average for the past 200 days.
Analysts’ Opinion of DLTR
Many brokerage firms have already submitted their reports for DLTR stocks, with Gordon Haskett repeating the rating for DLTR by listing it as a “Hold.” The predicted price for DLTR in the upcoming period, according to Gordon Haskett is $140 based on the research report published on April 03, 2024 of the current year 2024.
Gordon Haskett, on the other hand, stated in their research note that they expect to see DLTR reach a price target of $160. The rating they have provided for DLTR stocks is “Buy” according to the report published on February 07th, 2024.
JP Morgan gave a rating of “Overweight” to DLTR, setting the target price at $157 in the report published on January 29th of the current year.
DLTR Trading at -9.69% from the 50-Day Moving Average
After a stumble in the market that brought DLTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.99% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.56% lower at present.
During the last 5 trading sessions, DLTR fell by -2.57%, which changed the moving average for the period of 200-days by -13.61% in comparison to the 20-day moving average, which settled at $129.15. In addition, Dollar Tree Inc saw -12.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DLTR starting from Davis Jeffrey A., who purchase 1,800 shares at the price of $136.00 back on Apr 01 ’24. After this action, Davis Jeffrey A. now owns 19,047 shares of Dollar Tree Inc, valued at $244,794 using the latest closing price.
HEINRICH DANIEL J, the Director of Dollar Tree Inc, purchase 1,000 shares at $127.85 during a trade that took place back on Mar 18 ’24, which means that HEINRICH DANIEL J is holding 6,225 shares at $127,850 based on the most recent closing price.
Stock Fundamentals for DLTR
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.3 for the gross margin
The net margin for Dollar Tree Inc stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -12.43, with -4.43 for asset returns.
Based on Dollar Tree Inc (DLTR), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 1.75.
Currently, EBITDA for the company is 1.54 billion with net debt to EBITDA at 11.95. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Dollar Tree Inc (DLTR) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
