Dollar Tree (NASDAQ:DLTR) Stock Upgrade
In a recent report revealed on 4 December, research professionals at the equity research division of RBC Capital Mkts hiked their rating for shares of Dollar Tree (NASDAQ:DLTR) from a “Outperform” to a solid “Top Pick”. They now have a $90 target on DLTR or a 21.47% upside from the current share price.
From a total of 21 analysts covering Dollar Tree Inc. (NASDAQ:DLTR) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 11 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $100 while the lowest target price is $60. The mean of all analyst targets is $81.73 with a 6.51% above today’s ($74.09) stock price. Dollar Tree Inc. was the topic of 21 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 25 with “Outperform” rating. Canaccord Genuity maintained DLTR stock in a recent report from September 11 with “Buy” rating. Finally, TheStreet downgraded the stock to “Hold” rating in a report issued on a September 3.
The stock decreased 2.56% or $1.95 on December 3, striking $74.09. Approximately shares of stock traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 4.68% since May 1, 2015 and is downtrending. It has underperformed by 1.90% the S&P500.
Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The company has a market cap of $17.40 billion. The Firm offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. It has 60.42 P/E ratio. As of July 06, 2015, the Company operated more than 13,600 stores across 48 states and five Canadian provinces.
According to Zacks Investment Research, “Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns and perform well in a variety of locations. They offer a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.” Get a free copy of the Zacks research report on Dollar Tree, Inc. (DLTR).