DLTR Stock Forecast – Quick Win: 24.32% Return in 30 Days

DLTR Stock Forecast

On November 15th, 2015, I Know First published a forecast showing how DLTR stock price had fit in accordance with the algorithm’s prediction and ended up with an extraordinary gain by increasing 24.32%.

DLTR Stock Forecast

Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. As of July 06, 2015, the Company operated more than 13,600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.

Dollar Tree’s stock rose 7% higher after they posted 3Q results that showed steady growth and positive progress in its merger with Family Dollar. Gross profit, grew by the Family Dollar acquisition and doubled to $675 million. “I am pleased with our Company’s third quarter performance,” CEO Bob Sasser said in a press release .

Their profitability took a big fall as gross margin sunk to 28% of sales from 35% last year.Basically becuase  the impact of lower-margin Family Dollar products being included in the mix this time. Yet the combination of the two retailing operations still has management feeling optimistic. “Our integration project is on schedule and we are on track to achieve our stated synergy goals,” Sasser said. Those synergies should eventually add up to $300 million of annual savings for the combined businesses, management has said.