Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dollar Tree Inc. shares valued at $219,123 were sold by Jacobs David A. on Apr 08. At $162.80 per share, Jacobs David A. sold 1,346 shares. The insider’s holdings dropped to 17,085 shares worth approximately $2.42 million following the completion of this transaction.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now.
Also, Jacobs David A. sold 542 shares, netting a total of over 85,604 in proceeds. Following the sale of shares at $157.94 each, the insider now holds 18,431 shares.
Before that, HEINRICH DANIEL J had added 425 shares to its account. In a trade valued at $66,340, the Director bought Dollar Tree Inc. shares for $156.09 each. Upon closing the transaction, the insider’s holdings increased to 425 shares, worth approximately $0.51 million.
As published in a research note from Piper Sandler on March 09, 2022, Dollar Tree Inc. [DLTR] has been rated up from a Neutral to an Overweight and the price target has been revised to $181 from $157. This represents a 21.62% premium over Wednesday’s closing price. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of February 28, 2022, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for DLTR. Earlier on February 23, 2022, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for DLTR stock.
Analyzing DLTR’s Price Performance
On Wednesday, Dollar Tree Inc. [NASDAQ: DLTR] plunged -0.53% to $141.87. The stock’s lowest price that day was $141.315, but it reached a high of $145.18 in the same session. During the last five days, there has been a surge of approximately 2.80%. Over the course of the year, Dollar Tree Inc. shares have jumped approximately 0.96%. Shares of the company reached a 52-week high of $177.19 on 04/21/22 and a 52-week low of $123.62 on 01/24/22. A 50-day SMA is recorded $156.79, while a 200-day SMA reached $151.11. Nevertheless, trading volume fell to 2.41 million shares from 2.37 million shares the previous day.
Support And Resistance Levels for Dollar Tree Inc. (DLTR)
According to the 24-hour chart, there is a support level at 140.40, which, if violated, would cause prices to drop to 138.92. In the upper region, resistance lies at 144.26. The next price resistance is at 146.65. RSI (Relative Strength Index) is 41.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.69, which suggests the price will increase in the coming days. Percent R is at 36.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dollar Tree Inc. subject to short interest?
Stocks of Dollar Tree Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.61 million shares to 5.2 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.59 million shares. A jump of 11.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.45.
Which companies own the most shares of Dollar Tree Inc. (DLTR)?
According to The Vanguard Group, Inc. filings, the company currently owns 23,241,919 shares, which is about 10.38% of the total DLTR shares outstanding. The investor’s shares have plunged by -295,857 from its previous 13-F filing of 23537776.0 shares. BlackRock Fund Advisors acquire a 6.07% interest valued at $1.5 billion while Capital Research & Management Co purchased a 4,476,656 stake. A total of -794,080 shares of Dollar Tree Inc. were bought by Fidelity Management & Research Co during the quarter, and -422,255 were sold by SSgA Funds Management, Inc. In its current portfolio, Nomura Securities Co., Ltd. holds 7,664,106 shares valued at $1.04 billion.
In terms of Dollar Tree Inc. share price expectations, FactSet research, analysts set an average price target of $168.26 in the next 12 months, up nearly 19.2% from the previous closing price of $142.62. Analysts anticipate Dollar Tree Inc. stock to reach $195.00 by 2022, with the lowest price target being $123.00. In spite of this, 25 analysts ranked Dollar Tree Inc. stock as an Overweight at the end of 2022. On January 13, 2022, Truist assigned a price target of “a Buy” to the stock and initiated coverage with a $162.