Matthew West
๐–๐ก๐จ ๐ข๐ฌ ๐ƒ๐จ๐ฅ๐ฅ๐š๐ซ ๐“๐ซ๐ž๐ž? With roots starting in 1953, $DLTR (Dollar Tree Inc) is a discount variety retailer that is made up of 2 segments - Dollar Tree & Family Dollar. Sector - Consumer Defensive Industry - Discount Stores ๐–๐ก๐ž๐ซ๐ž ๐๐จ๐ž๐ฌ ๐ƒ๐จ๐ฅ๐ฅ๐š๐ซ ๐“๐ซ๐ž๐ž ๐ก๐š๐ฏ๐ž ๐ฉ๐ซ๐ž๐ฌ๐ž๐ง๐œ๐ž ๐š๐ง๐ ๐ฐ๐ก๐š๐ญ ๐๐จ ๐ญ๐ก๐ž๐ฒ ๐จ๐Ÿ๐Ÿ๐ž๐ซ? Across it's 2 segments, Dollar Tree has over 15,000 stores in North America and Canada. ๐ท๐‘œ๐‘™๐‘™๐‘Ž๐‘Ÿ ๐‘‡๐‘Ÿ๐‘’๐‘’ With a fixed price point of $1.25, it's broad offerings include but not limited to Arts & Crafts, Home Decor, Clothing & Accessories, Food, Candy and Drinks. ๐น๐‘Ž๐‘š๐‘–๐‘™๐‘ฆ ๐ท๐‘œ๐‘™๐‘™๐‘Ž๐‘Ÿ Extends on the offerings above with Electronics, Health & Beauty, Food & Beverages whilst not being restricted to the $1.25 price point. ๐๐ซ๐ข๐œ๐ž ๐€๐œ๐ญ๐ข๐จ๐ง A Double top formed from the price highs in April and July, which a bearish reversal pattern. This downtrend was complimented with the price falling being below the 50 (red), 100 (orange) and 200 (green) day SMA. It was recently rejected by point (2) but has support at 61.8% Fibonacci ($132). The Median Line (1) has a price of $123 by year end. ๐‘๐ž๐œ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐‘๐š๐ญ๐ข๐ง๐ ๐ฌ โ‹„ JPMorgan Chase & Co | Rating - Overweight | Price Target - $176 โ‹„ Deutsche Bank | Rating - Buy | Price Target - $163 โ‹„ Piper Sandler | Rating - Overweight | Price Target - $167 โ‹„ Truist Financial | Rating - Buy | Price Target - $168 โ‹„ Morgan Stanley | Rating - Equal Weight | Price Target - $145 โ‹„ Wells Fargo | Rating - Overweight | Price Target - $160 ๐๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐‘๐ž๐ฌ๐ฎ๐ฅ๐ญ๐ฌ โ‹„ Total Revenue $6.768 billion (Q2 2022) vs $6.340 billion (Q2 2021) - up 6.75% โ‹„ Gross Profit $2.124 billion (Q2 2022) vs $1.861 billion (Q2 2021) - up 14.13% โ‹„ Net Income $359.9 million (Q2 2022) vs $282.4 million (Q2 2021) - up 27.44% ๐˜Š๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜บ ๐˜–๐˜ถ๐˜ต๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ Outlook for Q3 expects revenue will range from $6.75 billion to $6.87 billion. Reduced 2022 EPS to range from $7.10 and $7.40, previous forecast was $7.80 to $8.20. ๐๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐‘๐ž๐ฌ๐ฎ๐ฅ๐ญ๐ฌ โ‹„ Total Revenue $6.9 billion (Q1 2022) vs $6.48 billion (Q1 2021) - up 6.5% โ‹„ Gross Profit $2.34 billion (Q1 2022) vs $1.96 billion (Q1 2021) - up 19.2% โ‹„ Net Income $536 million (Q1 2022) vs $375 million (Q1 2021) - up 43% ๐˜Š๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜บ ๐˜–๐˜ถ๐˜ต๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ Outlook for Q2 expects revenue will range from $6.65 billion to $6.78 billion. ๐…๐ฎ๐ฅ๐ฅ ๐˜๐ž๐š๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ โ‹„ Total Revenue $26.32 billion (2021) vs $25.51 billion (2020) - up 3.17% โ‹„ Gross Profit $7.72 billion (2021) vs $7.78 billion (2020) - down 0.77% โ‹„ Net Income $1.32 billion (2021) vs $1.34 billion (2020) - down 1.49% ๐˜Š๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜บ ๐˜–๐˜ถ๐˜ต๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ Outlook for Full Year 2022 expects revenue up between 3.5% and 5.9%. The company plans to open 590 new stores, 190 Dollar Tree stores and 400 Family Dollar Tree stores respectively. ๐’๐ข๐ฆ๐ข๐ฅ๐š๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ Sector - Consumer Defensive Industry - Discount Stores $WMT (Walmart Inc.) , $COST (Costco Wholesale Corp) , $TGT (Target Corp) , $BME.L (B&M European Value Retail SA) Thanks for reading, Matt West aka HaXoRJiMDuGGeN ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ ๐‘๐ž๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ Profile | www.etoro.com/people/haxorjimduggen Copier Q&A | etoro.tw/2OShce5 CISI Wealth & Investment Management | etoro.tw/3a3PLFg ๐Ÿ’ฒ 2.09% Annual Dividend Yield ๐Ÿ’ฒ ๐Ÿ“ˆ 1.3% Monthly Average Return ๐Ÿ“ˆ ๐ŸŒ Globally Diversified Portfolio ๐ŸŒ ๐Ÿ“– Certified In Wealth & Investment Management ๐Ÿ“–