Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
Oct 06, 2020
Dollar Tree (DLTR, $91.08) to hire 25,000+ workers

Dollar Tree (DLTR, $91.08) to hire 25,000+ workers

Dollar Tree  has plans  to hire more than 25,000 workers to meet an expected surge in demand during holiday season.

The discount retail giant will look to employ full-time and part-time workers across Dollar Tree and Family Dollar stores and for its U.S. distribution centers over the coming weeks. Open positions will include store managers, assistant store managers, cashiers, and stocking associates. The distribution centers require more  management staff, equipment operators and warehouse associates.

Last month retail giants Walmart  and Target announced that they were hiring 20,000 and 130,000 workers, respectively, to cater to online orders and digital sales for he holiday-season demand.

Tickeron's analysis shows: DLTR's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for DLTR turned positive on September 28, 2020. Looking at past instances where DLTR's MACD turned positive, the stock continued to rise in 32 of 46 cases over the following month. The odds of a continued upward trend are 70%.

Current price $91.08 crossed the resistance line at $90.05 and is trading between $91.12 resistance and $90.05 resistance lines. Throughout the month of 09/02/20 - 10/05/20, the price experienced a -5% Downtrend. During the week of 09/28/20 - 10/05/20, the stock fell -1%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DLTR's RSI Indicator exited the oversold zone, 15 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 58%.

The Momentum Indicator moved above the 0 level on September 28, 2020. You may want to consider a long position or call options on DLTR as a result. In 52 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 63%.

Following a +2.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where DLTR advanced for three days, in 204 of 333 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.

Bearish Trend Analysis

The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 38 of 68 cases where DLTR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 56%.

DLTR moved below its 50-day Moving Average on September 01, 2020 date and that indicates a change from an upward trend to a downward trend.

The 10-day Moving Average for DLTR crossed bearishly below the 50-day moving average on September 09, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. In 3 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 23%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 55%.

DLTR broke above its upper Bollinger Band on August 26, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for DLTR entered a downward trend on September 30, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 59%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.63.

The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating fairly steady price growth. DLTR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 58 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 55, placing this stock slightly worse than average.

The Tickeron PE Growth Rating for this company is 62 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of 66 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.13) is normal, around the industry mean (4.86). P/E Ratio (24.08) is within average values for comparable stocks, (29.92). Projected Growth (PEG Ratio) (0.16) is also within normal values, averaging (0.98). Dividend Yield (0.00) settles around the average of (1.29) among similar stocks. P/S Ratio (0.90) is also within normal values, averaging (1.36).

The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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