Notable Reporting: Time to Buy Dollar Tree, Inc. After Today’s Gap Up?

Notable Reporting: Time to Buy Dollar Tree, Inc. After Today's Gap Up?

The stock of Dollar Tree, Inc. (NASDAQ:DLTR) gapped up by $4.47 today and has $95.77 target or 8.00% above today’s $88.68 share price. The 9 months technical chart setup indicates low risk for the $20.93 billion company. The gap was reported on Nov, 22 by Barchart.com. If the $95.77 price target is reached, the company will be worth $1.67B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 8.16% or $6.69 during the last trading session, hitting $88.68. About 12.82 million shares traded hands or 462.28% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 0.21% since April 20, 2016 and is uptrending. It has underperformed by 4.35% the S&P500.

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

Out of 24 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 14 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 58% are positive. Dollar Tree Inc. has been the topic of 46 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Outperform” rating given on Monday, February 8 by Telsey Advisory Group. The company was maintained on Wednesday, March 2 by Credit Suisse. RBC Capital Markets upgraded it to “Top Pick” rating and $90 target price in Friday, December 4 report. The company was initiated on Tuesday, February 23 by Buckingham Research. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Monday, October 10 by Deutsche Bank. As per Tuesday, February 16, the company rating was upgraded by Morgan Stanley. The firm has “Market Perform” rating given on Wednesday, March 2 by Raymond James. Barclays Capital initiated Dollar Tree, Inc. (NASDAQ:DLTR) on Friday, September 23 with “Equal-Weight” rating. TheStreet downgraded the stock to “Hold” rating in Thursday, September 3 report. The firm earned “Buy” rating on Wednesday, September 2 by Cantor Fitzgerald.

According to Zacks Investment Research, “Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns and perform well in a variety of locations. They offer a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.06, from 1.09 in 2016Q1. The ratio is negative, as 45 funds sold all Dollar Tree, Inc. shares owned while 201 reduced positions. 68 funds bought stakes while 199 increased positions. They now own 219.56 million shares or 3.27% less from 226.99 million shares in 2016Q1.
Fmr Limited Liability, a Massachusetts-based fund reported 8.49M shares. The Australia-based Amp Investors Limited has invested 0.06% in Dollar Tree, Inc. (NASDAQ:DLTR). Rhumbline Advisers last reported 383,560 shares in the company. Btg Pactual Global Asset Management Ltd reported 65,843 shares or 6.7% of all its holdings. Moore Mgmt Lp last reported 150,000 shares in the company. Ftb Advsrs Incorporated, a Tennessee-based fund reported 1,186 shares. Northern Trust Corp reported 2.77 million shares or 0.08% of all its holdings. State Board Of Administration Of Florida Retirement owns 342,465 shares or 0.1% of their US portfolio. Ladenburg Thalmann Svcs accumulated 7,620 shares or 0.01% of the stock. Thrivent For Lutherans has invested 0.1% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Of Vermont has 0.01% invested in the company for 407 shares. Retirement System Of Alabama has 0.07% invested in the company for 120,093 shares. Ww Asset Mngmt Incorporated last reported 23,549 shares in the company. Royal Financial Bank Of Canada owns 389,882 shares or 0.02% of their US portfolio. Whittier Tru Of Nevada last reported 1,200 shares in the company.

Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 6 insider sales for $2.07 million net activity. Matacunas Mike R. also sold $269,154 worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Wednesday, June 1. The insider Sullivan Barry W sold $1.11M. 2,616 Dollar Tree, Inc. (NASDAQ:DLTR) shares with value of $235,440 were sold by Old William A. JR. 60,000 shares were sold by SASSER BOB, worth $5.12M on Thursday, May 26. On Monday, July 11 the insider SAUNDERS THOMAS A sold $477,500. $428,000 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was bought by Hall Conrad M. on Monday, August 29. On Tuesday, August 30 the insider Lewis Lemuel E bought $124,950.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Reuters.com which released: “Dollar Tree’s profit beats as Family Dollar purchase pays off” on November 22, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Dollar Tree Inc., 55.6% Follow-Through Indicator, 5 …” published on November 22, 2016, Nasdaq.com published: “Dollar Tree Inc. Reports 92% Gain In Q3 Profit” on November 22, 2016. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Schaeffersresearch.com and their article: “Buzz Stocks: Dollar Tree, Inc., Hormel Foods Corp, and Star Bulk Carriers Corp.” published on November 22, 2016 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Dollar Tree Profit Beats Estimates” with publication date: November 22, 2016.

DLTR Company Profile

Dollar Tree, Inc., incorporated on February 22, 2008, is an operator of discount variety stores. The Firm operates approximately 13,851 discount variety retail stores in approximately 48 states and over five Canadian provinces. The Company’s divisions include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing clients with a selection of merchandise in neighborhood stores. The Company’s stores operate under the names of Dollar Tree, Family Dollar, Dollar Tree Canada, Deals and Dollar Tree Deals. The Dollar Tree segment includes its activities under the Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals brands, approximately 10 distribution centers in the United States and over two in Canada, and a Store Support Center in Chesapeake, Virginia. The Family Dollar segment consists of its activities under the Family Dollar brand, over 11 distribution centers and a Store Support Center in Matthews, North Carolina.

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