Dollar Tree Inc. Reaches New 12-Month High at $60.19 (DLTR)
Dollar Tree (NASDAQ:DLTR)’s share price reached a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork reports. The stock traded as high as $60.19 and last traded at $59.46, with a volume of 1,014,331 shares traded. The stock had previously closed at $59.61.
DLTR has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Dollar Tree in a research note to investors on Wednesday, September 25th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $55.00 to $63.00 in a research note to investors on Monday, September 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Dollar Tree from $60.00 to $63.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Dollar Tree presently has an average rating of “Buy” and a consensus target price of $59.91.
Dollar Tree has a one year low of $37.12 and a one year high of $55.09. The stock has a 50-day moving average of $53.33 and a 200-day moving average of $49.94. The company has a market cap of $13.262 billion and a price-to-earnings ratio of 21.06.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.51 earnings per share. Dollar Tree’s revenue was up 8.8% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post $2.82 earnings per share for the current fiscal year.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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