Dollar Tree, Inc. (DLTR) Can’t Be Less Risky. The Stock Formed a Multiple Top Pattern

Dollar Tree, Inc. (NASDAQ:DLTR) Logo

Investors sentiment increased to 1.12 in 2019 Q1. Its up 0.13, from 0.99 in 2018Q4. It improved, as 46 investors sold Dollar Tree, Inc. shares while 189 reduced holdings. 90 funds opened positions while 173 raised stakes. 217.41 million shares or 0.37% more from 216.60 million shares in 2018Q4 were reported.
Keybank National Association Oh has invested 0% in Dollar Tree, Inc. (NASDAQ:DLTR). Brown Brothers Harriman And reported 0% in Dollar Tree, Inc. (NASDAQ:DLTR). Morgan Stanley reported 0.02% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Odey Asset Grp Inc Ltd accumulated 19,650 shares. Aviva Public Limited Co has invested 0.06% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Mark Sheptoff Finance Planning Limited Liability Company has 2,050 shares. Ing Groep Nv invested 0.01% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Nuveen Asset Mngmt Ltd reported 12,448 shares or 0.01% of all its holdings. Boltwood Cap Management reported 0.66% stake. Tiaa Cref Invest Management Limited Liability Company invested in 0.06% or 768,846 shares. Prudential Pcl holds 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 2,300 shares. Boston Prns holds 0.19% in Dollar Tree, Inc. (NASDAQ:DLTR) or 1.40M shares. Etrade Cap Ltd Company has 39,796 shares. Markel Corp holds 0.22% or 123,000 shares in its portfolio. Reliance Co Of Delaware owns 2,050 shares for 0.03% of their portfolio.

Since March 15, 2019, it had 1 buy, and 0 insider sales for $99,980 activity.

The stock of Dollar Tree, Inc. (DLTR) shows a multiple tops pattern with $99.66 target or 7.00 % above today’s $93.14 share price. The 8 months chart pattern indicates low risk for the $22.13B company. It was reported on Aug, 16 by Finviz.com. If the $99.66 price target is reached, the company will be worth $1.55B more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.03% or $0.03 during the last trading session, reaching $93.14. About 1.53 million shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 13.03% since August 16, 2018 and is uptrending. It has outperformed by 13.03% the S&P500.

Analysts await Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings on August, 29. They expect $0.90 earnings per share, down 21.74 % or $0.25 from last year’s $1.15 per share. DLTR’s profit will be $213.82M for 25.87 P/E if the $0.90 EPS becomes a reality. After $1.14 actual earnings per share reported by Dollar Tree, Inc. for the previous quarter, Wall Street now forecasts -21.05 % negative EPS growth.

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

Among 13 analysts covering Dollar Tree (NASDAQ:DLTR), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Dollar Tree has $122 highest and $9200 lowest target. $108.86’s average target is 16.88% above currents $93.14 stock price. Dollar Tree had 22 analyst reports since February 26, 2019 according to SRatingsIntel. Bank of America maintained it with “Buy” rating and $115 target in Thursday, March 7 report. Barclays Capital maintained it with “Hold” rating and $100 target in Thursday, March 7 report. The firm has “Buy” rating given on Friday, June 21 by Credit Suisse. The rating was upgraded by Telsey Advisory Group to “Outperform” on Wednesday, March 20. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Hold” rating given on Monday, April 8 by Loop Capital. The company was maintained on Thursday, March 7 by BMO Capital Markets. Morgan Stanley maintained Dollar Tree, Inc. (NASDAQ:DLTR) rating on Thursday, March 7. Morgan Stanley has “Equal-Weight” rating and $92 target. On Thursday, March 7 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Outperform” rating by Credit Suisse on Thursday, March 7. The rating was maintained by UBS on Monday, March 11 with “Buy”.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Nasdaq.com which released: “Dollar Tree (DLTR) Up 31% in a Year: Will Momentum Sustain? – Nasdaq” on July 04, 2019, also Benzinga.com with their article: “Is Dollar Tree A Bargain Stock After Q4 Earnings? – Benzinga” published on March 07, 2019, Nasdaq.com published: “Dollar Tree Will Sell Alcohol at Family Dollar – Nasdaq” on June 05, 2019. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Nasdaq.com and their article: “Noteworthy Tuesday Option Activity: BLK, TXN, DLTR – Nasdaq” published on March 05, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Dollar Tree, Inc. (DLTR) – Yahoo Finance” with publication date: June 10, 2019.

Dollar Tree, Inc. operates variety retail stores in the United States and Canada. The company has market cap of $22.13 billion. It operates in two divisions, Dollar Tree and Family Dollar. It currently has negative earnings. The Dollar Tree segment offers merchandise at the fixed price of $1.00.

Dollar Tree, Inc. (NASDAQ:DLTR) Institutional Positions Chart

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