DLTR Stock Decline – What's Behind Today's Drop?

Dollar Tree stock is trading -23.43% below its average target price of $149.64 after dropping -4.8% during today's morning session. Analysts are giving the Large-Cap Department Store company an average rating of buy and target prices ranging from $115.0 to $180.0 per share.

The stock has an average amount of shares sold short at 3.1%, and a short ratio of 2.62. At 0.07%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 102.6% of Dollar Tree's shares being owned by this investor type.

Institutions Invested in Dollar Tree

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 11% 23,568,521 $2,700,481,179
2024-03-31 Blackrock Inc. 7% 15,534,752 $1,779,971,912
2024-03-31 Capital World Investors 7% 14,786,267 $1,694,210,499
2024-03-31 Mantle Ridge LP 6% 12,104,393 $1,386,921,372
2024-03-31 Nomura Holdings Inc. 5% 10,851,202 $1,243,330,745
2024-03-31 Capital International Investors 5% 9,850,158 $1,128,631,121
2024-03-31 State Street Corporation 4% 8,868,557 $1,016,159,277
2024-03-31 Edgepoint Investment Group Inc. 3% 7,427,329 $851,023,370
2024-03-31 T. Rowe Price Investment Management, Inc. 2% 5,322,049 $609,800,384
2024-03-31 FMR, LLC 2% 5,127,204 $587,475,043

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Dollar Tree.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.