Analysts Predict An Dollar Tree Inc (NASDAQ: DLTR) Spike?

Dollar Tree Inc (NASDAQ:DLTR) shares, rose in value, with the stock price up by 0.75% to the previous day’s close as strong demand from buyers drove the stock to $130.71.

Actively observing the price movement in the last trading, the stock closed the session at $129.74. The value of beta (5-year monthly) was 0.92. Referring to stock’s 52-week performance, its high was $161.10, and the low was $102.77. On the whole, DLTR has fluctuated by -12.36% over the past month.

With the market capitalization of Dollar Tree Inc currently standing at about $28.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.42, which is expected to increase to $1.33 for fiscal year $6.92 and then to about $8.18 by fiscal year 2026. Data indicates that the EPS growth is expected to be 17.50% in 2026, while the next year’s EPS growth is forecast to be 18.20%.

Analysts have estimated the company’s revenue for the quarter at $7.65 billion, with a low estimate of $7.46 billion and a high estimate of $7.79 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $31.46 billion, representing an increase of 2.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DLTR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DLTR currently trading nearly -2.02% and -5.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.22, while the 7-day volatility ratio is showing 2.83% which for the 30-day chart, stands at 2.41%. Furthermore, Dollar Tree Inc (DLTR)’s beta value is 0.90, and its average true range (ATR) is 3.58.

A comparison of Dollar Tree Inc (DLTR) with its peers suggests the former has fared considerably weaker in the market. DLTR showed an intraday change of 0.75% in last session, and over the past year, it shrunk by -12.21%%.

Data on historical trading for Dollar Tree Inc (NASDAQ:DLTR) indicates that the trading volumes over the past 10 days have averaged 3.32 million and over the past 3 months, they’ve averaged 2.89 million. According to company’s latest data on outstanding shares, there are 217.91 million shares outstanding.

Nearly 0.28% of Dollar Tree Inc’s shares belong to company insiders and institutional investors own 101.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.72 million shares as on Mar 15, 2024, resulting in a short ratio of 1.68. According to the data, the short interest in Dollar Tree Inc (DLTR) stood at 2.63% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.83 million. The stock has fallen by -7.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DLTR stock heading into the next quarter.

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