Analyst Price Target Update on Dollar Tree (NASDAQ:DLTR)

Dollar Tree (NASDAQ:DLTR): The stock price is expected to reach $ 95.42 in the short term. The number of analysts agreeing with this consensus is 15. The higher estimate for the short term price target is at $106 while the lower estimate is at $80. The standard deviation of the price stands at $8.2.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Dollar Tree (NASDAQ:DLTR). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $100 per share from a prior target of $84. The rating by the firm was issued on June 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Witynski Michael A., officer (Chief Operating Officer) of Dollar Tree Inc, unloaded 4,964 shares at an average price of $90.68 on June 1, 2016. The total amount of the transaction was worth $450,136, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Dollar Tree (NASDAQ:DLTR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.17 points or 1.28% at $90.17 with 1,505,705 shares getting traded. Post opening the session at $91.2, the shares hit an intraday low of $90.04 and an intraday high of $91.57 and the price was in this range throughout the day. The company has a market cap of $21,250 million and the number of outstanding shares have been calculated to be 235,666,100 shares. The 52-week high of Dollar Tree (NASDAQ:DLTR) is $92.17 and the 52-week low is $60.31.

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 Trees consumable merchandise includes candy and food health and beauty care and everyday consumables, such as paper and chemicals, and in select stores frozen and refrigerated food. The Companys variety merchandise includes toys, durable housewares, gifts, party goods, greeting cards, softlines and other items. Its seasonal goods include Valentines Day, Easter, Halloween and Christmas merchandise.

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