Dollar Tree, Inc. (DLTR)’s Multiple Top Chart Pattern Points to Lower Stock Risks

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 is positive, 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.
Mackay Shields Ltd Liability Corporation invested 0.03% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Hilton Management Lc owns 20 shares. Sigma Planning Corp reported 5,050 shares. Leuthold Grp Ltd Llc reported 70,734 shares. United Ser Automobile Association holds 0.04% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 138,111 shares. The Massachusetts-based Bright Rock Capital Management Lc has invested 0.25% in Dollar Tree, Inc. (NASDAQ:DLTR). Silvercrest Asset Mngmt Grp Limited Liability Company owns 11,300 shares. 7,460 were reported by Srb. Iowa Bank owns 26,096 shares. Jarislowsky Fraser invested 0.4% in Dollar Tree, Inc. (NASDAQ:DLTR). Moreover, Trustmark Retail Bank Trust Department has 0.01% invested in Dollar Tree, Inc. (NASDAQ:DLTR). Commonwealth National Bank Of has invested 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Guardian holds 0.01% or 3,761 shares in its portfolio. Country Club Na has 0.03% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 2,042 shares. 106,505 were accumulated by Calamos Advisors Limited Liability Corporation.

Since March 15, 2019, it had 1 insider buy, and 0 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 EPS, 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 EPS 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. The company was maintained on Thursday, March 7 by Barclays Capital. The rating was maintained by Piper Jaffray on Thursday, March 7 with “Buy”. UBS maintained it with “Buy” rating and $120 target in Monday, March 11 report. The stock has “Buy” rating by Loop Capital Markets on Wednesday, March 6. Telsey Advisory Group upgraded Dollar Tree, Inc. (NASDAQ:DLTR) rating on Wednesday, March 20. Telsey Advisory Group has “Outperform” rating and $117 target. The firm earned “Buy” rating on Thursday, March 7 by Bank of America. Loop Capital downgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Monday, April 8 to “Hold” rating. The firm has “Buy” rating given on Tuesday, February 26 by Raymond James. The rating was maintained by Credit Suisse on Friday, June 21 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Thursday, March 7.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Nasdaq.com which released: “Nasdaq 100 Movers: DLTR, WYNN – Nasdaq” on April 01, 2019, also Nasdaq.com with their article: “Will Family Dollar’s Performance Improve Again for Dollar Tree in Q1? – Nasdaq” published on May 25, 2019, Nasdaq.com published: “Nasdaq 100 Movers: SYMC, DLTR – Nasdaq” on June 11, 2019. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Seekingalpha.com and their article: “Stocks To Watch: Trading Tariff Turbulence – Seeking Alpha” published on August 03, 2019 as well as Nasdaq.com‘s news article titled: “Check Out Dollar Tree’s (DLTR) Probability to Beat Q4 Earnings – Nasdaq” with publication date: February 28, 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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