Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $122.56 in the prior trading day, Dollar Tree Inc (NASDAQ: DLTR) closed at $122.39, down -0.14%. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 1.74 million shares were traded. DLTR stock price reached its highest trading level at $123.06 during the session, while it also had its lowest trading level at $120.41.
Ratios:
Our goal is to gain a better understanding of DLTR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.22 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Gordon Haskett on April 03, 2024, Downgraded its rating to Hold and sets its target price to $140 from $150 previously.
On February 07, 2024, Gordon Haskett Upgraded its rating to Buy which previously was Accumulate but kept the price unchanged to $160.
JP Morgan Upgraded its Neutral to Overweight on January 29, 2024, whereas the target price for the stock was revised from $122 to $157.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Davis Jeffrey A. bought 1,800 shares for $136.00 per share. The transaction valued at 244,794 led to the insider holds 19,047 shares of the business.
HEINRICH DANIEL J bought 1,000 shares of DLTR for $127,850 on Mar 18 ’24. The Director now owns 6,225 shares after completing the transaction at $127.85 per share. On Dec 20 ’23, another insider, Mantle Ridge LP, who serves as the Director by deputization of the company, bought 738,862 shares for $134.37 each. As a result, the insider paid 99,281,877 and bolstered with 12,104,493 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DLTR now has a Market Capitalization of 26678939648 and an Enterprise Value of 36380942336. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 3.65. Its current Enterprise Value per Revenue stands at 1.189 whereas that against EBITDA is 13.797.
Stock Price History:
Over the past 52 weeks, DLTR has reached a high of $161.10, while it has fallen to a 52-week low of $102.77. The 50-Day Moving Average of the stock is -9.62%, while the 200-Day Moving Average is calculated to be -5.43%.
Shares Statistics:
The stock has traded on average 2.94M shares per day over the past 3-months and 2121950 shares per day over the last 10 days, according to various share statistics. A total of 217.91M shares are outstanding, with a floating share count of 217.33M. Insiders hold about 0.30% of the company’s shares, while institutions hold 101.93% stake in the company. Shares short for DLTR as of 1711584000 were 4788099 with a Short Ratio of 1.63, compared to 1709164800 on 6689914. Therefore, it implies a Short% of Shares Outstanding of 4788099 and a Short% of Float of 2.6500002.
