Dollar Tree, Inc. (DLTR) Can’t Be More Risky. The Stock Formed a Double Bottom

September 16, 2018 - By Carolyn Hewitt

Dollar Tree, Inc. (NASDAQ:DLTR) Logo

Investors sentiment increased to 1.04 in 2018 Q2. Its up 0.23, from 0.81 in 2018Q1. It increased, as 65 investors sold Dollar Tree, Inc. shares while 183 reduced holdings. 74 funds opened positions while 183 raised stakes. 208.99 million shares or 0.02% less from 209.04 million shares in 2018Q1 were reported.
Everence Capital Inc invested in 0.07% or 3,886 shares. Us Bancorporation De accumulated 0.09% or 349,051 shares. Eagle Asset Mgmt has invested 0.24% in Dollar Tree, Inc. (NASDAQ:DLTR). Iowa-based Dubuque Bancorp Tru Communications has invested 0.01% in Dollar Tree, Inc. (NASDAQ:DLTR). Oakbrook Limited Liability Co accumulated 17,334 shares. Intact Inc owns 3,000 shares for 0.01% of their portfolio. Moneta Advsrs Limited Liability Corporation invested 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Ibm Retirement Fund has invested 0.08% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Los Angeles Cap Mgmt & Equity Rech reported 119,058 shares. 129,093 are owned by Pictet Asset Mngmt Ltd. Carlson Cap L P reported 475,250 shares. Public Employees Retirement Association Of Colorado has invested 0.02% in Dollar Tree, Inc. (NASDAQ:DLTR). Scopus Asset Mngmt Limited Partnership holds 0.37% or 475,000 shares in its portfolio. Landscape Cap reported 0.46% in Dollar Tree, Inc. (NASDAQ:DLTR). 14,845 were accumulated by Employees Retirement Of Texas.

Since March 20, 2018, it had 3 insider purchases, and 3 insider sales for $448,371 activity. RUDMAN ROBERT H sold 2,797 shares worth $265,800. WHIDDON THOMAS E bought $199,755 worth of stock or 2,250 shares. 6,023 shares valued at $569,084 were sold by BARRON ARNOLD S on Tuesday, March 20. On Monday, June 4 Lewis Lemuel E bought $201,088 worth of Dollar Tree, Inc. (NASDAQ:DLTR) or 2,500 shares.

The chart of Dollar Tree, Inc. (DLTR) shows a double bottom with $81.19 target or 4.00 % below today’s $84.57 share price. The 7 months chart pattern indicates high risk for the $20.12B company. It was reported on Sep, 16 by Finviz.com. If the $81.19 price target is reached, the company will be worth $804.72M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.19% or $0.16 during the last trading session, reaching $84.57. About 3.07M shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 1.18% since September 16, 2017 and is uptrending. It has underperformed by 14.44% the S&P500.

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

Among 15 analysts covering Dollar Tree (NASDAQ:DLTR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Dollar Tree had 21 analyst reports since March 26, 2018 according to SRatingsIntel. On Friday, August 31 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Buy” rating by Piper Jaffray on Friday, April 6. Morgan Stanley maintained it with “Equal-Weight” rating and $105 target in Wednesday, April 25 report. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, September 4. On Thursday, August 30 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was downgraded by Gordon Haskett on Monday, June 4 to “Accumulate”. The rating was maintained by Morgan Stanley on Friday, June 1 with “Equal-Weight”. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Outperform” rating given on Friday, August 31 by Raymond James. UBS maintained the stock with “Buy” rating in Friday, August 31 report. On Monday, August 13 the stock rating was upgraded by Atlantic Securities to “Overweight”.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Seekingalpha.com which released: “Climbing The Dollar Tree” on September 06, 2018, also 247Wallst.com with their article: “Why Wall Street Now Favors Dollar General Over Dollar Tree” published on September 02, 2018, 247Wallst.com published: “Is the Good Economy Pulling People Out of Dollar Stores?” on August 30, 2018. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Seekingalpha.com and their article: “Dollar Tree: Another Selloff, Another Buying Opportunity” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Dollar Tree Is No Dollar General” with publication date: August 30, 2018.

Dollar Tree, Inc. operates variety retail stores in the United States and Canada. The company has market cap of $20.12 billion. It operates in two divisions, Dollar Tree and Family Dollar. It has a 11.76 P/E ratio. 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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