Dollar Tree Inc. (DLTR) expanding its growth trajectory ahead

Dollar Tree Inc. (NASDAQ: DLTR) stock fell -7.79% on Tuesday to $152.37 against a previous-day closing price of $165.24. With 7.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.64 million shares. During the session, the Discount Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $156.18 whereas the lowest price it dropped to was $147.11. The 52-week range on DLTR shows that it touched its highest point at $177.19 and its lowest point at $123.62 during that stretch. It currently has a 1-year price target of $166.55. Beta for the stock currently stands at 0.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DLTR was down-trending over the past week, with a drop of -9.75%, but this was up by 2.26% over a month. Three-month performance dropped to -8.20% while six-month performance rose 17.03%. The stock gained 14.94% in the past year, while it has gained 8.43% so far this year. A look at the trailing 12-month EPS for DLTR yields 6.91 with Next year EPS estimates of 8.26. For the next quarter, that number is 1.18. This implies an EPS growth rate of 2.50% for this year and 12.79% for next year. EPS is expected to grow by 20.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.90%.

Float and Shares Shorts:

At present, 224.20 million DLTR shares are outstanding with a float of 221.03 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.21 million, which was 2.33% higher than short shares on Sep 14, 2022. In addition to Mr. Michael A. Witynski as the firm’s Pres, CEO & Director, Mr. Richard L. McNeely serves as its Chief Merchandising Officer.

Institutional Ownership:

Through their ownership of 98.78% of DLTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.79% of DLTR, in contrast to 40.81% held by mutual funds. Shares owned by individuals account for 10.24%. As the largest shareholder in DLTR with 10.24% of the stake, The Vanguard Group, Inc. holds 22,926,084 shares worth 22,926,084. A second-largest stockholder of DLTR, Capital Research & Management Co, holds 17,874,054 shares, controlling over 7.98% of the firm’s shares. Mantle Ridge LP is the third largest shareholder in DLTR, holding 11,365,531 shares or 5.08% stake. With a 3.40% stake in DLTR, the American Funds Fundamental Invest is the largest stakeholder. A total of 7,612,735 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.85% of DLTR stock, is the second-largest Mutual Fund holder. It holds 6,384,767 shares valued at 1.01 billion. Vanguard Mid Cap Index Fund holds 2.22% of the stake in DLTR, owning 4,969,366 shares worth 787.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DLTR since 26 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 2 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DLTR analysts setting a high price target of $195.00 and a low target of $123.00, the average target price over the next 12 months is $169.35. Based on these targets, DLTR could surge 27.98% to reach the target high and fall by -19.28% to reach the target low. Reaching the average price target will result in a growth of 11.14% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DLTR will report FY 2023 earnings on 03/02/2023. Analysts have provided yearly estimates in a range of $7.48 being high and $7.12 being low. For DLTR, this leads to a yearly average estimate of $7.28. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Dollar Tree Inc. surprised analysts by $0.00 when it reported $1.60 EPS against a consensus estimate of $1.60. The surprise factor in the prior quarter was $0.37. Based on analyst estimates, the high estimate for the next quarter is $2.25 and the low estimate is $1.98. The average estimate for the next quarter is thus $2.13.

Summary of Insider Activity:

Insiders traded DLTR stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 15,699 shares were bought while 4,642 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 47 over the past year. The total number of shares bought during that period was 180,375 while 76,690 shares were sold.

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