Dollar Tree (NASDAQ:DLTR) Stock, Quote.Headers.trade-ideas

Dollar Tree

Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 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 general shutter

Equities

News

Markets

General

DLTR

Dollar stores face declining sales as Walmart and Target&#39;s aggressive pricing attracts higher-income customers, pressuring market share.






Dollar Stores Struggle When Walmart Performs Well: Report

Houston,,Texas,Usa,04-07-2024:,Dollar,Tree,Business,Storefront,Exterior,,Parking

Analyst Color

Downgrades

Price Target

Reiteration

Analyst Ratings

Trading Ideas

Dollar Tree&#39;s stock rebounds slightly, Analysts, however, slash price targets due to regulatory concerns and intensified competition.

Dollar Tree Faces Mounting Headwinds: Analysts Lower Price Forecasts Amid Competitive Pressures and Rising Costs

xr:d:DAFlJKNXbrw:2,j:4527636209394207909,t:23060712

Intraday Update

Movers

APLD

GIII

Larimar Therapeutics, Inc. - Common Stock

LRMR

MYGN

PPTA

PRMW

PSNY

QDEL

SATS

SCVL

UNIT

VSTS

YEXT

ZETA

G-III Apparel Posts Upbeat Results, Joins NIO, Yext, Shoe Carnival And Other Big Stocks Moving Higher On Thursday

Dollar Tree Inc

Dollar Tree's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>) short percent of float has fallen 4.58% since its last report. The company recently reported that it has 8.88 million shares sold short, which is 5.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.11 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Dollar Tree Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Dollar Tree has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Dollar Tree's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Dollar Tree's peer group average for short interest as a percentage of float is 3.34%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Dollar Tree's Recent Short Interest

Financial giants have made a conspicuous bearish move on Dollar Tree. Our analysis of options history for Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $191,250, and 6 were calls, valued at $730,630.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $95.0 for Dollar Tree during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Dollar Tree stands at 662.89, with a total volume reaching 2,449.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dollar Tree, situated within the strike price corridor from $65.0 to $95.0, throughout the last 30 days.
<h3>Dollar Tree Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726154254_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.0</td>
<td>$5.8</td>
<td>$5.81</td>
<td>$80.00</td>
<td>$551.9K</td>
<td>355</td>
<td style="text-align: right;">950</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$6.65</td>
<td>$6.6</td>
<td>$6.65</td>
<td>$65.00</td>
<td>$46.5K</td>
<td>1.0K</td>
<td style="text-align: right;">262</td>
</tr>
<tr>
<td>DLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.15</td>
<td>$5.0</td>
<td>$5.1</td>
<td>$65.00</td>
<td>$41.8K</td>
<td>513</td>
<td style="text-align: right;">324</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$4.9</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$80.00</td>
<td>$40.8K</td>
<td>186</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.0</td>
<td>$3.1</td>
<td>$4.0</td>
<td>$65.00</td>
<td>$40.0K</td>
<td>2.0K</td>
<td style="text-align: right;">200</td>
</tr>
</tbody>
</table>

<h3>About Dollar Tree</h3>
Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 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.
<h3>Where Is Dollar Tree Standing Right Now?</h3>
<ul>
<li>With a volume of 1,254,855, the price of DLTR is up 4.72% at $69.72. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 76 days.</li>
</ul>
<h3>What The Experts Say On Dollar Tree</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $86.6.
<ul>
<li>Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Dollar Tree with a target price of $95. </li>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Dollar Tree, which currently sits at a price target of $80. </li>
<li>In a cautious move, an analyst from BMO Capital downgraded its rating to Market Perform, setting a price target of $68. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Dollar Tree, which currently sits at a price target of $100. </li>
<li>An analyst from Goldman Sachs has decided to maintain their Buy rating on Dollar Tree, which currently sits at a price target of $90. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Dollar Tree options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Dollar Tree Unusual Options Activity For September 12

Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) has outperformed the market over the past 20 years by 2.17% on an annualized basis producing an average annual return of 10.46%. Currently, Dollar Tree has a market capitalization of $14.29 billion. 
Buying $1000 In DLTR: If an investor had bought $1000 of DLTR stock 20 years ago, it would be worth $7,321.10 today based on a price of $66.49 for DLTR at the time of writing.
<h3>Dollar Tree's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726084935_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $7,300 Today

WIIM

Dollar Tree shares are trading lower after Goldman Sachs maintained a Buy rating on the stock but lowered its price target from $145 to $90.

Goldman Sachs analyst Kate McShane maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and lowers the price target from $145 to $90.

Goldman Sachs Maintains Buy on Dollar Tree, Lowers Price Target to $90

Guggenheim analyst John Heinbockel maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and lowers the price target from $150 to $120.

Guggenheim Maintains Buy on Dollar Tree, Lowers Price Target to $120

Financial giants have made a conspicuous bullish move on Dollar Tree. Our analysis of options history for Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $336,028, and 2 were calls, valued at $64,628.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $100.0 for Dollar Tree during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Dollar Tree stands at 875.7, with a total volume reaching 1,256.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dollar Tree, situated within the strike price corridor from $60.0 to $100.0, throughout the last 30 days.
<h3>Dollar Tree Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725642951_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.5</td>
<td>$4.35</td>
<td>$4.5</td>
<td>$60.00</td>
<td>$87.7K</td>
<td>188</td>
<td style="text-align: right;">195</td>
</tr>
<tr>
<td>DLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.72</td>
<td>$1.62</td>
<td>$1.62</td>
<td>$66.00</td>
<td>$81.0K</td>
<td>0</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.3</td>
<td>$8.2</td>
<td>$8.2</td>
<td>$70.00</td>
<td>$33.6K</td>
<td>40</td>
<td style="text-align: right;">44</td>
</tr>
<tr>
<td>DLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$4.75</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$72.00</td>
<td>$31.4K</td>
<td>507</td>
<td style="text-align: right;">69</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.72</td>
<td>$2.17</td>
<td>$2.72</td>
<td>$100.00</td>
<td>$31.0K</td>
<td>2.6K</td>
<td style="text-align: right;">114</td>
</tr>
</tbody>
</table>

<h3>About Dollar Tree</h3>
Dollar Tree operates discount stores across the United States and Canada, with over 8,500 shops under its namesake banner and nearly 7,900 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.
In light of the recent options history for Dollar Tree, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Dollar Tree Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,950,112, with DLTR's price down by -0.55%, positioned at $68.09.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 82 days.</li>
</ul>
<h3>What The Experts Say On Dollar Tree</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $90.0.
<ul>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Dollar Tree, targeting a price of $130. </li>
<li>Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Dollar Tree, targeting a price of $84. </li>
<li>An analyst from Piper Sandler persists with their Neutral rating on Dollar Tree, maintaining a target price of $67. </li>
<li>An analyst from Citigroup persists with their Neutral rating on Dollar Tree, maintaining a target price of $64. </li>
<li>Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Dollar Tree with a target price of $105. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dollar Tree, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Dollar Tree's Options Activity: What's the Big Picture?

Dollar stores are experiencing a rough patch. Rising competition from Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is undermining their market dominance and threatening their financial outlook.
Walmart, in particular, has been successful in drawing away customers from dollar chains by appealing to higher-income consumers, CNN reports.
Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) shares tumbled 20% on Wednesday after the company revised its annual outlook downward, attributing the cut to <a target="_blank" href="https://www.benzinga.com//node/40716274" rel="noreferrer noopener">significant pressure</a> on its low- and middle-income customers.
This slump follows Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) reducing its full-year forecast, with shares hitting their worst day on record last week.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins" rel="noreferrer noopener">Dollar General Q2 Earnings: Earnings Miss, Slashed Outlook And Shrinking Margins</a>
The dollar store sector is struggling as Walmart and Target aggressively lower prices to attract inflation-weary shoppers, impacting foot traffic to dollar stores.
Dollar General CEO Todd Vasos acknowledged that Walmart&#8217;s strong performance in attracting budget-conscious shoppers has contributed to the struggles of dollar stores.
&#8220;While we believe the softer sales trends are partially attributable to a core customer who feels financially constrained, we know the importance of controlling what we can control,&#8221; the CEO said in a<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40621521/dollar-general-corporation-reports-second-quarter-2024-results" rel="noreferrer noopener"> press release</a> last week.
Despite historical trends where dollar stores benefited from middle-income households trading down during financial stress, this shift has not occurred recently.
Instead, more affluent customers have increased their spending at Walmart and Target, further affecting dollar store sales.
David D&#8217;Arezzo, a former executive at Dollar General, pointed out the close competition between Dollar General and Walmart, noting that when Walmart performs well, dollar stores tend to face more challenges.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40735749/whats-going-on-with-target-corporation-shares-today" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Target Corporation Shares Today?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Citigroup analyst Paul Lejuez maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Neutral and lowers the price target from $120 to $64.

Citigroup Maintains Neutral on Dollar Tree, Lowers Price Target to $64

Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) shares are trading higher on Thursday.
Yesterday, however, the company&#8217;s shares tumbled after it reported worse-than-expected <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40705415/dollar-tree-q2-earnings-revenue-and-eps-miss-cuts-annual-forecasts-as-customers-feel-macro-pressure" rel="noreferrer noopener">second-quarter financial results and cut the outlook.</a>
The discount variety stores chain reported an adjusted EPS of $0.67,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of $1.04</a>, and down 26.4% year over year.
Analysts covering<a target="_blank" href="https://www.benzinga.com/quote/DLTR/analyst-ratings" rel="noreferrer noopener"> the company provided their takes:</a>
<ul>
<li>BMO Capital Markets analyst Kelly Bania downgraded the stock to Market Perform from Outperform, lowering the price forecast to $68 from $130.</li>
<li>Truist Securities analyst Scot Ciccarelli reiterated the Buy rating, lowering the price forecast to $79 from $140.</li>
<li>KeyBanc Capital Markets analyst Bradley B. Thomas maintained the Overweight rating, decreasing the price forecast to $84 from $145.</li>
<li>Piper Sandler analyst Peter J. Keith reiterated the Neutral rating, decreasing the price forecast to $67 from $112.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40716274/dollar-trees-q2-struggles-analysts-question-pricing-shrinkage-and-transformation-am" rel="noreferrer noopener">Dollar Tree&#8217;s Q2 Struggles: Analysts Question Pricing, Shrinkage, And Transformation Amid Macro Challenges</a>
BMO Capital Markets: Bania warns of potential regulatory and labor cost headwinds impacting 2025, noting that competitive pressures could worsen. The analyst highlights tariffs as a risk under a 2024 Trump win and anticipates challenges from possible stricter Labor Department rules if a Democrat wins, leading to a revised FY25 EPS estimate of $5.47, down from $6.65.
Truist Securities: The analyst notes that, in addition to mounting &#8216;incremental&#8217; costs and macro pressures affecting upstream, investors are concerned about growing competitive challenges. Despite the stock&#8217;s poor performance, it appears to have already factored in these &#8216;negatives&#8217; at its current levels.
KeyBanc Capital Markets: Thomas highlights that the company&#8217;s results are impacted by widespread soft consumer trends across the industry. With valuations for both the company and sector at near all-time lows, the analyst acknowledges ongoing near-term consumer challenges but notes that self-help initiatives could enhance trends.
Additionally, an update on a potential Family Dollar divestiture could serve as a positive catalyst. Consequently, Thomas believes there is upside potential in the shares from current levels. The analyst lowered FY24 EPS estimate to $5.40 from $6.70.
Piper Sandler: According to the analyst, the 2H comp guidance appears &#8216;aggressive,&#8217; assuming comp acceleration. The issues affecting Dollar Tree seem to extend beyond economic factors, with ongoing risks in 2025 from potential tariffs or changes to the Overtime Rule.
Price Action: DLTR shares are trading higher by 5.66% to $67.16 at last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40736085/s-p-500-earnings-could-face-major-swings-under-harris-or-trump-tax-plans-goldman-sa" target="_blank" rel="noreferrer noopener">S&amp;P 500 Earnings Could Face Major Swings Under Harris Or Trump Tax Plans, Goldman Sachs Warns</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Wells Fargo analyst Edward Kelly maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Overweight and lowers the price target from $130 to $100.

Wells Fargo Maintains Overweight on Dollar Tree, Lowers Price Target to $100

Telsey Advisory Group analyst Joseph Feldman maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Outperform and lowers the price target from $120 to $95.

Telsey Advisory Group Maintains Outperform on Dollar Tree, Lowers Price Target to $95

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.
Shares of G-III Apparel Group, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) rose sharply during Thursday's session after the company reported better-than-expected second-quarter adjusted EPS results and issued its FY25 guidance above estimates.
G-III Apparel Group reported second-quarter adjusted earnings per share of 52 cents, beating the analyst consensus of 27 cents. Quarterly revenues of $644.75 million (down 2%) missed the street view of $649.44 million.
G-III Apparel Group shares surged 23.6% to $30.95 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares jumped 68.1% to $5.45 after the company entered agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors including NVIDIA and Related Companies.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) gained 14.9% to $21.15.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) climbed 13.5% to $8.81.</li>
<li>Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) rose 13.3% to $5.32.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) climbed 13% to $5.56 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY25 revenue guidance above estimates. Also, Needham upgraded the stock from Hold to Buy and announced an $8 price target.</li>
<li>Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>) rose 11.8% to $9.05 after the company announced the U.S. forest service has completed the final environmental impact statement and issued a draft record of decision authorizing the Stibnite gold project.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) gained 11.7% to $15.28 following a report suggesting Elis SA made an offer to buy the company.</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) climbed 10.7% to $18.63.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 10.4% to $4.6850 after the company reported second-quarter financial results and issued better-than-expected third-quarter outlook..</li>
<li>Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) rose 10% to $41.32 after the company reported better-than-expected second-quarter revenue results. Also, the company raised its FY24 guidance.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 9.4% to $23.92.</li>
<li>QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) gained 8.5% to $43.79. Craig-Hallum analyst Alexander Nowak upgraded QuidelOrtho from Hold to Buy and raised the price target from $40 to $57.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 8.3% to $1.3095.</li>
<li>Myriad Genetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) gained 7.9% to $27.36.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) gained 7.8% to $26.83. Zeta Global priced $204.9 million public offering of 13.2 million class A common shares at $23.50 per share.</li>
<li>Sotera Health Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHC#NASDAQ">SHC</a>) gained 7.7% to $16.59. The company announced a secondary offering of 25 million shares.</li>
<li>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rose 6.2% to $67.52. Dollar Tree, on Wednesday, reported worse-than-expected second-quarter 2024 earnings.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40728954/how-to-earn-500-a-month-from-smith-wesson-brands-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From Smith &amp; Wesson Brands Stock Ahead Of Q1 Earnings Report</a></li>
</ul>

Dollar Tree shares are trading higher, rebounding after falling on Wednesday following weak earnings and guidance.

Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) shares are trading<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> marginally lower on Thursday.</a>
Yesterday, the company&#8217;s top peer Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), reported worse-than-expected&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40702955/dollar-tree-inc-reports-results-for-the-second-quarter-fiscal-2024" rel="noreferrer noopener">second-quarter 2024 earnings</a>.
The discount variety stores chain reported an adjusted EPS of $0.67,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of $1.04</a>, and down 26.4% year over year.
Meanwhile, in a press release today, Target said it is pioneering a new level of convenience for shoppers with the integration of its Drive Up and Order Pickup services into Apple Inc. CarPlay. As the first retailer to offer this feature, Target said it allows iPhone users nationwide to manage their curbside orders directly from their car&#8217;s display.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/trading-ideas/24/08/40666528/walmart-target-are-eating-dollar-stores-lunch-dollar-general-lowers-guidance-will-dollar-tree-be-ne" rel="noreferrer noopener">Walmart, Target Are Eating Dollar Stores&#8217; Lunch: Dollar General Lowers Guidance, Will Dollar Tree Be Next?</a>
To use this new functionality, customers must place a Drive Up or Pickup order via the Target app on their iPhone. Once in the car and connected to CarPlay, the Target app will automatically show the store location and order details on the car&#8217;s display.
Users can also get directions, notify the store of their arrival, and check in for pickup—all hands-free.
Mark Schindele, Target&#8217;s Chief Stores Officer, emphasized the benefit of this integration, stating that it enhances the shopping experience by making it easier to find stores and manage pickups. This move reflects Target&#8217;s commitment to leveraging technology to improve customer convenience and service.
To use the feature, customers need the latest version of the Target app and an iPhone connected to Apple CarPlay. Once connected, they can access their &#8220;Ready for pickup&#8221; orders and receive directions to nearby Target stores via Apple Maps.
Price Action: TGT shares are trading lower by 0.96% to $151.02 at last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40726231/nio-q2-earnings-eps-beat-deliveries-growth-strong-q3-outlook-and-more" target="_blank" rel="noreferrer noopener">NIO Q2 Earnings: EPS Beat, Deliveries Growth, Strong Q3 Outlook And More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

AAPL

What's Going On With Target Corporation Shares Today?

Barclays analyst Seth Sigman maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Equal-Weight and lowers the price target from $128 to $81.

Barclays Maintains Equal-Weight on Dollar Tree, Lowers Price Target to $81

Truist Securities analyst Scot Ciccarelli maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and lowers the price target from $140 to $79.

Truist Securities Maintains Buy on Dollar Tree, Lowers Price Target to $79

UBS analyst Michael Lasser maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and lowers the price target from $155 to $105.

UBS Maintains Buy on Dollar Tree, Lowers Price Target to $105

Evercore ISI Group analyst Greg Melich maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a In-Line and lowers the price target from $128 to $78.

Evercore ISI Group Maintains In-Line on Dollar Tree, Lowers Price Target to $78

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Walgreens Boots Alliance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</h3>
<ul>
<li>On Sept. 4, B of A Securities analyst Allen Lutz maintained Walgreens Boots Alliance with an Underperform and lowered the price target from $11 to $7.5. The company's stock fell around 19% over the past month and has a <a href="https://www.benzinga.com/quote/WBA">52-week low of $8.62</a>.</li>
<li>RSI Value: 25.14</li>
<li>WBA Price Action: Shares of Walgreens fell 3.6% to close at $8.65 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"> latest WBA news.</a> </li>
</ul>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="483" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05085714/image-39-1024x483.png" alt="" class="wp-image-531969" style="width:628px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05085714/image-39-1024x483.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05085714/image-39-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05085714/image-39-768x362.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05085714/image-39-1536x724.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05085714/image-39.png 1828w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>)&nbsp;</h3>
<ul>
<li>On Aug. 29, Dollar General reported worse-than-expected second-quarter results and lowered its 2024 guidance. The retail behemoth reported second-quarter earnings per share of $1.70, missing the analyst consensus of $1.78. Quarterly sales of $10.21 billion (+4.2% year over year) missed the street view of $10.368 billion.. The company's stock fell around 35% over the past five days. It<a href="https://www.benzinga.com/quote/DG"> has a 52-week low</a> of $79.36.</li>
<li>RSI Value: 16.90</li>
<li>DG Price Action: Shares of Dollar General fell 3.2% to close at $81.08 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"> trend in DG stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062653/image-30.png" alt="" class="wp-image-531526" style="width:669px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062653/image-30.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062653/image-30-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062653/image-30-768x710.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>)</h3>
<ul>
<li>On Sept. 4, Dollar Tree reported worse-than-expected second-quarter 2024 earnings. The discount variety stores chain reported an adjusted EPS of $0.67, missing the consensus of $1.04, and down 26.4% year over year. Chief Financial Officer Jeff Davis added, &#8220;Our adjusted EPS of $0.67 was $0.38 below the midpoint of our previous outlook range. While the vast majority of this variance was attributable to an adjustment of our general liability accrual, a portion was attributable to a comp shortfall, which reflected the increasing effect of macro pressures on the purchasing behavior of Dollar Tree&#8217;s middle- and higher-income customers.&#8221;. The company's shares fell around 34% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/DLTR">low of $60.82</a>.</li>
<li>RSI Value: 11.87</li>
<li>DLTR Price Action: Shares of Dollar Tree dipped 22.2% to close at $63.56 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">breakout in DLTR shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="877" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062820/image-31.png" alt="" class="wp-image-531530" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062820/image-31.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062820/image-31-300x289.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05062820/image-31-768x740.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40720418/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-7-dividend-yields"> Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Top 3 Defensive Stocks That Could Lead To Your Biggest Gains In September

Wall Street Breakfast: The Week Ahead

Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2024 Update

While the might of Amazon and its overwhelming ten-figure market capitalization illustrate the prevalence of eCommerce, in-store experiences are showing signs of fighting back.

Can Brick And Mortar Retail Stocks Still Inspire Investors In 2024?

State of the consumer: Airbnb, Wayfair, and Stitch Fix leads gains in the retail sector

Loop Capital Markets analyst Anthony Chukumba maintained a Hold rating on Dollar Tree (DLTR – Research Report) today and set a price target of $65....

Loop Capital Markets Reaffirms Their Hold Rating on Dollar Tree (DLTR)

Dollar Tree, a discount retailer, offers a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy, food, toys, health and beauty care, and many other consumer items.

Bear Of The Day: Dollar Tree

UBS highlights 30 stocks poised for potential moves after the Fed's expected rate cut

Best And Worst Performers Since August 5, 2024

Discount retailers like Dollar Tree (DLTR) and Dollar General (DG​​​​​​​) are some of the worst performers in the S&P 500 index this year. DLTR has slumped by 50% in 2024, bringing its market cap to $15.8 billion while DG has slumped by over 36%. 

Why Are Dollar Tree And Dollar General Stocks Falling Apart?

Lower gas prices can hurt some retailers but boost others, DA Davidson says

ABNB

ACHC

ADBE

ADPT

AFRM

ALLY

AMZN

AVGO

BBIO

BBWI

BIRK

BKNG

BMRN

BROS

CAVA

CELH

COST

CTLT

CURV

DADA

DASH

DDOG

DJTWW

DUOL

EBIZ

EMTY

ETSY

EWTX

FDMT

FERG

FIVE

GTHX

IBUY

INBX

KAPA

KRUS

LBPH

MANU

MRNA

MSFT

MTCH

NAMS

NEGG

NFLX

ONLN

ORCL

ORIC

ORLY

PEPG

PHVS

PLAY

PLTR

PTLO

PZZA

QRVO

RBRK

RETL

ROIV

RPRX

RVLV

SBAC

SFIX

SIRI

TDUP

TMUS

TRVI

TTWO

ULTA

VKTX

WDAY

WOLF

Press Releases

Dollar Tree Provides Post-Tornado Update on Distribution Center in Marietta, Oklahoma

Dollar Tree, Inc. to Host First Quarter Earnings Conference Call

Dollar Tree, Inc. Completes Transaction for 170 '99 Cents Only Stores'

Dollar Tree Announces Review of Strategic Alternatives for Family Dollar Business

Dollar Tree, Inc. Reports Results for the First Quarter Fiscal 2024

Dividends

Real Estate

Generation Income Properties Provides Quarterly Update to Shareholders

Family Dollar Taps First Insight to Strengthen Merchandise Strategy

SSG Realty Partners and Hanley Investment Group Sell 69,909 SF Shopping Center in Great Falls, Montana

Dollar Tree, Inc. to Host Second Quarter Earnings Conference Call

Dollar Tree, Inc. Reports Results for the Second Quarter Fiscal 2024

GIPR

SPLS

Sendas Distribuidora

BJ's Wholesale Club Holdings, Inc. Common Stock

BJ's Wholesale Club

Costco Wholesale Corporation - Common Stock

Costco Wholesale

Dada Nexus Limited - American Depositary Shares

Dada Nexus

Dollar Gen

Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Dollar Tree

Dollar Tree (DLTR) Forecast

Dollar Tree (NASDAQ:DLTR) Stock, Quote.Headers.trade-ideas