Deutsche Bank Upgrades Dollar Tree to Buy with Price Target $110.00

Brokerage firm Deutsche Bank Upgrades its rating on Dollar Tree(NASDAQ:DLTR). In a research note issued to the investors, the brokerage major Raises the price-target to $110.00 per share. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Aug 1, 2016.

In a different note, On Jun 6, 2016, Citigroup said it Maintains its rating on Dollar Tree. In the research note, the firm Raises the price-target to $84.00 per share. The shares have been rated ‘Neutral’ by the firm. BTIG Research said it Initiates Coverage on Dollar Tree, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Buy’ by the firm. On May 31, 2016, BMO Capital said it Maintains its rating on Dollar Tree. In the research note, the firm Raises the price-target to $84.00 per share. The shares have been rated ‘Market Perform’ by the firm. On May 27, 2016, UBS said it Maintains its rating on Dollar Tree. In the research note, the firm Raises the price-target to $92.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Jefferies said it Maintains its rating on Dollar Tree. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Hold’ by the firm. On May 27, 2016, Deutsche Bank said it Maintains its rating on Dollar Tree. In the research note, the firm Raises the price-target to $77.00 per share. The shares have been rated ‘Hold’ by the firm.

Dollar Tree (DLTR) shares turned negative on Mondays trading session with the shares closing down -1.12 points or -1.15% at a volume of 10,79,630. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $97.03. The peak price level was also seen at $97.03 while the days lowest was $95.61. Finally the shares closed at $95.9. The 52-week high of the shares is $97.84 while the 52-week low is $60.31. According to the latest information available, the market cap of the company is $22,600 M.

Dollar Tree(DLTR) last announced its earnings results on May 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $5.09B. Analysts had an estimated revenue of $5.10B. Earnings per share were $0.89.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Thomas A Saunders (director) sold 5,000 shares at $95.50 per share price.Also, On Jun 1, 2016, Michael A. Witynski (Chief Operating Officer) sold 4,964 shares at $90.68 per share price.On Jun 1, 2016, Mike R. Matacunas (Chief Administrative Officer) sold 2,974 shares at $90.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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 13600 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 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 Company’s variety merchandise includes toys durable housewares gifts party goods greeting cards softlines and other items. Its seasonal goods include Valentine’s Day Easter Halloween and Christmas merchandise.

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