Dollar Tree stock dropped almost 1% despite market gains, underperforming sector and index.

From Nasdaqabi.: 2024-08-23 18:00:04

Dollar Tree’s stock closed at $97, down 0.98% from the previous day, while the S&P 500, Dow, and Nasdaq all experienced gains. Over the past month, the stock dropped 4.55%, underperforming compared to sector and index gains.

Investors await Dollar Tree’s earnings announcement on September 4, 2024, with projected earnings per share of $1.05 and revenue of $7.51 billion. Analysts have revised estimates, leading to a Zacks Rank of #4 (Sell) for the company.

Dollar Tree’s valuation includes a Forward P/E ratio of 14.89 and a PEG ratio of 1.07, meeting industry and sector averages. The Retail – Discount Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 181 out of over 250 industries.

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Read more at Nasdaqabi.: Dollar Tree (DLTR) Stock Drops Despite Market Gains: Important Facts to Note