Could Dollar Tree, Inc. (DLTR) Change Direction After Reaching 52-Week High?

January 14, 2018 - By Darrin Black

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.21, from 1.24 in 2017Q2. It dived, as 45 investors sold Dollar Tree, Inc. shares while 191 reduced holdings. 73 funds opened positions while 170 raised stakes. 202.27 million shares or 3.74% less from 210.13 million shares in 2017Q2 were reported.
Blume Cap Mgmt Inc invested in 35,965 shares. Forte Capital Lc Adv stated it has 0.76% in Dollar Tree, Inc. (NASDAQ:DLTR). Dupont Capital Mgmt Corp invested in 0% or 1,225 shares. Freestone Limited owns 11,052 shares. United Kingdom-based Barclays Public Limited Liability has invested 0.03% in Dollar Tree, Inc. (NASDAQ:DLTR). State Street has 0.07% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 9.53 million shares. Hightower Advisors Lc holds 0.04% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 54,642 shares. New Mexico Educational Retirement Board invested in 22,013 shares. Kdi Capital Partners Ltd holds 0.62% or 21,500 shares in its portfolio. 9,585 were accumulated by Liberty Mutual Group Asset Mgmt Inc. Manor Road Capital Prtn Limited Liability Corporation owns 4.55% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 400,000 shares. Mckinley Carter Wealth Ser reported 28,534 shares. 19,377 were accumulated by Menta Cap Llc. First Quadrant Limited Partnership Ca reported 0.09% in Dollar Tree, Inc. (NASDAQ:DLTR). Brown Brothers Harriman stated it has 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR).

Since September 12, 2017, it had 0 insider buys, and 6 sales for $9.14 million activity. Another trade for 9,950 shares valued at $841,181 was made by PHILBIN GARY M on Wednesday, September 13. Another trade for 18,621 shares valued at $1.70M was sold by SAUNDERS THOMAS A. Old William A. JR also sold $136,062 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares. BROCK MACON F JR sold $5.74M worth of stock.

The stock of Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week high and has $120.58 target or 5.00 % above today’s $114.84 share price. The 7 months bullish chart indicates low risk for the $27.23 billion company. The 1-year high was reported on Jan, 14 by If the $120.58 price target is reached, the company will be worth $1.36 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.13% or $3.49 during the last trading session, reaching $114.84. About 2.40M shares traded or 11.62% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 3.60% since January 14, 2017 and is uptrending. It has underperformed by 13.10% the S&P500.

Analysts await Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings on March, 7. They expect $1.87 EPS, up 34.53 % or $0.48 from last year’s $1.39 per share. DLTR’s profit will be $443.37 million for 15.35 P/E if the $1.87 EPS becomes a reality. After $1.01 actual EPS reported by Dollar Tree, Inc. for the previous quarter, Wall Street now forecasts 85.15 % EPS growth.

Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage

Among 34 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Dollar Tree Inc. has $125.0 highest and $60 lowest target. $99.42’s average target is -13.43% below currents $114.84 stock price. Dollar Tree Inc. had 92 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 21 by Bank of America. The firm has “Neutral” rating by Citigroup given on Thursday, September 10. Loop Capital Markets maintained it with “Buy” rating and $8600 target in Monday, August 7 report. Bernstein initiated Dollar Tree, Inc. (NASDAQ:DLTR) on Monday, February 6 with “Underperform” rating. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Hold” rating given on Friday, September 29 by Piper Jaffray. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by Cleveland on Wednesday, January 27. Jefferies maintained the shares of DLTR in report on Friday, August 25 with “Hold” rating. Cleveland upgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Wednesday, October 4 to “Buy” rating. As per Friday, September 23, the company rating was initiated by Barclays Capital. As per Friday, August 25, the company rating was maintained by Morgan Stanley.

More important recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: which released: “Macon Brock, Dollar Tree Founder, Searched the World for Bargains” on December 22, 2017, also published article titled: “Analyst: Walmart, Five Below, Dollar Tree Are Holiday Retail Standouts”, published: “Dollar Tree (DLTR) Up 9% Since Earnings Report: Can It Continue?” on December 22, 2017. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) was released by: and their article: “Dollar Tree (DLTR) Touches 52-Week High: Can it Soar Higher?” with publication date: January 08, 2018.

Dollar Tree, Inc. operates variety retail stores in the United States and Canada. The company has market cap of $27.23 billion. It operates in two divisions, Dollar Tree and Family Dollar. It has a 27.41 P/E ratio. The Dollar Tree segment offers merchandise at the fixed price of $1.00.

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