The trading price of Dollar Tree Inc. (NASDAQ:DLTR) closed higher on Tuesday, November 23, closing at $144.71, 9.17% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $132.94 and $149.24. The company’s P/E ratio in the trailing 12-month period was 22.80, while its 5Y monthly beta was 0.81. In examining the 52-week price action we see that the stock hit a 52-week high of $135.59 and a 52-week low of $84.26. Over the past month, the stock has gained 37.79% in value.
Dollar Tree Inc., whose market valuation is $32.38 billion at the time of this writing, is expected to release its quarterly earnings report Nov 22, 2021 – Nov 26, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.96 per share this quarter, however they have predicted annual earnings per share of $5.57 for 2022 and $6.37 for 2023. It means analysts are expecting annual earnings per share growth of -1.40% this year and 14.40% next year.
Analysts have forecast the company to bring in revenue of $6.41 billion for the current quarter, with the likely lows of $6.25 billion and highs of $6.49 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $26.26 billion. The company’s revenue is forecast to grow by 2.90% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Dollar Tree Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DLTR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned DLTR a recommendation rating is 27. Out of them, 14 rate it a Hold, while 9 recommend Buy, whereas 2 assign an Overweight rating. 1 analyst(s) have tagged Dollar Tree Inc. (DLTR) as Underweight, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.18, which symbolizes a positive outlook. A quick review shows that DLTR’s price is currently 24.04% off the SMA20 and 39.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 84.42, and weekly volatility stands at 4.48%. When measured over the past 30 days, the indicator reaches 3.82%. Dollar Tree Inc. (NASDAQ:DLTR)’s beta value is currently sitting at 0.80, while the Average True Range indicator is currently displaying 4.80. With analysts defining $91.90-$180.00 as the low and high price targets, we arrive at a consensus price target of $132.71 for the trailing 12-month period. The current price is about 36.49% off the estimated low and -24.39% off the forecast high, based on this estimate. Investors will be thrilled if DLTR’s share price rises to $130.00, which is the median consensus price. At that level, DLTR’s share price would be 10.17% above current price.
To see how Dollar Tree Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DLTR stock’s performance was 9.17% in the latest trading, and 48.25% in the past year, while Amazon.com Inc. (AMZN) has traded 0.21% on the day and positioned 15.55% higher than it was a year ago. Another comparable company Walmart Inc. (WMT) saw its stock close 0.71% higher in the most recent trading session but was down -3.39% in a year. Furthermore, Costco Wholesale Corporation (COST) showed an increase of 1.04% on the day while its price kept inclining at 46.59% over the past year. Dollar Tree Inc. has a P/E ratio of 22.80, compared to Amazon.com Inc.’s 70.00 and Walmart Inc.’s 51.05. Also in last trading session, the S&P 500 Index has surged 0.17%, while the Dow Jones Industrial also saw a positive session, up 0.55% on the day.
An evaluation of the daily trading volume of Dollar Tree Inc. (NASDAQ:DLTR) indicates that the 3-month average is 4.69 million. However, this figure has increased over the past 10 days to an average of 6.03 million.
Currently, records show that 228.60 million of the company’s shares remain outstanding. The insiders hold 1.34% of outstanding shares, whereas institutions hold 91.30%. The stats also highlight that short interest as of Oct 14, 2021, stood at 8.16 million shares, resulting in a short ratio of 1.69 at that time. From this, we can conclude that short interest is 3.63% of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 5.21 million. However, since the stock’s price has seen 33.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.