Dollar Tree Inc (NASDAQ:DLTR) has a beta value of 0.91 and has seen 0.94 million shares traded in the recent trading session. The company, currently valued at $27.73B, closed the recent trade at $127.29 per share which meant it lost -$0.9 on the day or -0.70% during that session. The DLTR stock price is -26.56% off its 52-week high price of $161.10 and 19.26% above the 52-week low of $102.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.23 million shares traded. The 3-month trading volume is 2.67 million shares.
Dollar Tree Inc (NASDAQ:DLTR) trade information
Sporting -0.70% in the red today, the stock has traded in the red over the last five days, when the DLTR stock price touched $127.29 or saw a rise of 1.76%. Year-to-date, Dollar Tree Inc shares have moved -10.39%, while the 5-day performance has seen it change -0.88%. Over the past 30 days, the shares of Dollar Tree Inc (NASDAQ:DLTR) have changed -12.99%. Short interest in the company has seen 6.69 million shares shorted with days to cover at 3.02.
Dollar Tree Inc (DLTR) estimates and forecasts
Figures show that Dollar Tree Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 14.27% over the past 6 months, with this year growth rate of 17.49%, compared to 10.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -2.00% and 33.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.90%.
21 analysts offering their estimates for the company have set an average revenue estimate of $7.65 billion for the current quarter. 21 have an estimated revenue figure of $7.61 billion for the next quarter concluding in Jul 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.42% over the past 5 years. Earnings growth for 2024 is a modest 17.46% while over the next 5 years, the company’s earnings are expected to increase by 9.48%.
DLTR Dividends
Dollar Tree Inc is expected to release its next earnings report between May 23 and May 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Dollar Tree Inc (NASDAQ:DLTR)’s Major holders
Insiders own 0.27% of the company shares, while shares held by institutions stand at 104.99% with a share float percentage of 105.27%. Investors are also buoyed by the number of investors in a company, with Dollar Tree Inc having a total of 1,107 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 23.8 million shares worth more than $3.03 billion. As of Dec 30, 2023, Vanguard Group Inc held 10.92% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 17.61 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $2.24 billion and represent 8.08% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fundamental Investors Inc and Vanguard Total Stock Market Index Fund. As of Dec 30, 2023, the former fund manager holds about 3.82% shares in the company for having 8.32 million shares of worth $1.06 billion while later fund manager owns 6.56 million shares of worth $834.48 million as of Dec 30, 2023, which makes it owner of about 3.01% of company’s outstanding stock.
