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Is Dollar Tree Inc (DLTR) a Stock to Watch After Losing -0.31% This Week?

Thursday, December 01, 2022 03:15 PM | InvestorsObserver Analysts

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Is Dollar Tree Inc (DLTR) a Stock to Watch After Losing -0.31% This Week?

The market has been high on Dollar Tree Inc (DLTR) stock recently. DLTR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Dollar Tree Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DLTR!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With DLTR Stock Today?

Dollar Tree Inc (DLTR) stock is down -0.4% while the S&P 500 is higher by 0.06% as of 3:13 PM on Thursday, Dec 1. DLTR is down -$0.61 from the previous closing price of $150.29 on volume of 1,885,591 shares. Over the past year the S&P 500 has fallen -10.61% while DLTR is higher by 11.84%. DLTR earned $7.15 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.94. To screen for more stocks like Dollar Tree Inc click here.

More About Dollar Tree Inc

Dollar Tree operates discount stores in the U.S. and Canada, including 8,647 shops under its namesake banner and 8,016 Family Dollar units (as of the end of fiscal 2021). The eponymous chain features branded and private-label goods, generally at a $1.25 price. Around 45% of Dollar Tree stores' fiscal 2021 sales came from consumables (including food, health and beauty, and household paper and cleaning products), nearly 50% from variety items (including toys and housewares), and just over 5% from seasonal goods. Family Dollar features branded and private-label goods at prices generally ranging from $1 to $10, with over 76% of fiscal 2021 sales from consumables, 9% from seasonal/electronic items (including prepaid phones and toys), 8% from home products, and 6% from apparel and accessories. Click Here to get the full Stock Report for Dollar Tree Inc stock.

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