Dollar Tree Inc (NASDAQ:DLTR) shares traded 1.72% higher at $105.21 on Wall Street last session.
DLTR stock price is now -9.24% away from the 50-day moving average and -14.89% away from the 200-day moving average. The market capitalization of the company currently stands at $22.61B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $160 to $155, Telsey Advisory Group maintained Outperform rating for Dollar Tree Inc (NASDAQ: DLTR). On June 06, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $163 to quote $120, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Aflatooni Robert, Chief Information Officer sold 827 shares of the company’s stock on Jun 25 ’24. The stock was sold for $87,315 at an average price of $105.58. Upon completion of the transaction, the Chief Information Officer now directly owns 9,725 shares in the company, valued at $1.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Financial Officer Davis Jeffrey A. bought 1,800 shares of the business’s stock. A total of $244,794 was incurred on buying the stock at an average price of $136.00. This leaves the insider owning 19,047 shares of the company worth $2.0 million. A total of 0.07% of the company’s stock is owned by insiders.
During the past 12 months, Dollar Tree Inc has had a low of $101.85 and a high of $154.96. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 1.28, and a quick ratio of 0.23. The fifty day moving average price for DLTR is $115.5428 and a two-hundred day moving average price translates $123.5697 for the stock.
The latest earnings results from Dollar Tree Inc (NASDAQ: DLTR) was released for 2024-05-04. The net profit margin was -3.23% and return on equity was -12.30% for DLTR. The company reported revenue of $7.63 billion for the quarter, compared to $7.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.22 percent.
