Analyst Rating Update on Dollar Tree (DLTR)

Dollar Tree (NASDAQ:DLTR) : Zacks Investment Research ranks Dollar Tree (NASDAQ:DLTR) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 2, which indicates as a Buy.

Dollar Tree (NASDAQ:DLTR) : The highest short term price target forecast on Dollar Tree (NASDAQ:DLTR) is $106 and the lowest target price is $80. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $95.88 with a standard deviation of $8.25.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains their rating on the shares of Dollar Tree (NASDAQ:DLTR). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $100 per share from $84 per share. The rating by the firm was issued on June 6, 2016.

Dollar Tree (NASDAQ:DLTR): On Tuesdays trading session , Opening price of the stock was $93.25 with an intraday high of $93.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $91.51. However, the stock managed to close at $92.31, a loss of 0.27% for the day. On the previous day, the stock had closed at $92.56. The total traded volume of the day was 2,124,993 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Witynski Michael A., officer (Chief Operating Officer) of Dollar Tree Inc, had unloaded 4,964 shares at an average price of $90.68 in a transaction dated on June 1, 2016. The total value of the transaction was worth $450,136.

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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