DLTR Stock Summary and Trading Ideas (Dollar Tree | NASDAQ:DLTR)

Dollar Tree operates discount stores across the United States and Canada, with over 8,400 shops under its namesake banner and 8,350 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.

Dollar Tree trades on the NASDAQ stock market under the symbol DLTR.

As of April 24, 2024, DLTR stock price declined to $122.39 with 1,622,004 million shares trading.

DLTR has a beta of 0.75, meaning it tends to be less sensitive to market movements. DLTR has a correlation of 0.07 to the broad based SPY ETF.

DLTR has a market cap of $26.67 billion. This is considered a Large Cap stock.

Last quarter Dollar Tree reported $9 billion in Revenue and $2.55 earnings per share. This fell short of revenue expectation by $-30 million and missed earnings estimates by -$.10.

In the last 3 years, DLTR stock traded as high as $177.19 and as low as $84.26.

The top ETF exchange traded funds that DLTR belongs to (by Net Assets): VTI, VOO, VO, QQQ, SPY.

DLTR has underperformed the market in the last year with a price return of -20.2% while the SPY ETF gained +24.1%. DLTR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.0% and -4.9%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

DLTR support price is $120.36 and resistance is $124.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DLTR stock will trade within this expected range on the day.