Dollar Tree’s stock (NASDAQ: DLTR) has declined from around $142 at the beginning to $69 now - about a 55% fall over a period when the benchmark S&P index grew 16%. In comparison, DLTR’s peer Target stock (NYSE: TGT) is up almost 9% over the same period.

Discount retailers like Dollar Tree (DLTR) and Dollar General (DG) are some of the worst performers in the S&P 500 index this year. DLTR has slumped by 50% in 2024, bringing its market cap to $15.8 billion while DG has slumped by over 36%.

Shares of Dollar Tree Inc. DLTR slid 2.91% to $71.73 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 42,