Price Target Update on Dollar Tree (NASDAQ:DLTR)

Dollar Tree (NASDAQ:DLTR) : Currently there are 15 street experts covering Dollar Tree (NASDAQ:DLTR) stock. The most bullish and bearish price target for the stock is $106 and $80 respectively for the short term. The average price target of all the analysts comes to $95.88. The estimated standard deviation from the target is $8.25.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Citigroup maintains the rating on Dollar Tree (NASDAQ:DLTR). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $84 per share to $100 per share. The rating by the firm was issued on June 6, 2016.

Dollar Tree (NASDAQ:DLTR): stock turned positive on Thursday. Though the stock opened at $92.46, the bulls momentum made the stock top out at $92.78 level for the day. The stock recorded a low of $91.66 and closed the trading day at $92.38, in the green by 0.50%. The total traded volume for the day was 2,162,344. The stock had closed at $91.92 in the previous days trading.

The company shares have rallied 14.24% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $93.33 and the one year low was seen on Oct 14, 2015. The 50-Day Moving Average price is $85.44 and the 200 Day Moving Average price is recorded at $80.75. On the companys insider trading activities,The officer (Chief Operating Officer) of Dollar Tree Inc, Witynski Michael A. sold 4,964 shares at $90.68 on June 1, 2016. The Insider selling transaction had a total value worth of $450,136. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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