Recent extremely meaningful negative changes in investment behavior have impacted Dollar Tree Inc (NASDAQ: DLTR): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
DLTR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Dollar Tree has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Dollar Tree has a poor Appreciation Score of 16 but a slightly positive Power Rating of 60, triggering the Negative Value Trend Rating.
Recent Price Action
On 3/19/24, Dollar Tree Inc (NASDAQ: DLTR) stock rose modestly by 0.7%, closing at $128.19. Moreover, this advance was accompanied by unusually high trading volume at 161% of normal. The stock has performed in line with the market over the last nine months and has declined -14.0% during the last week.
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