Dollar Tree (DLTR) : Analyst Rating Update

Dollar Tree (DLTR) : 10 brokerage houses believe that Dollar Tree (DLTR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Dollar Tree (DLTR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Dollar Tree (DLTR) : The highest short term price target forecast on Dollar Tree (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.

Dollar Tree (NASDAQ:DLTR): The stock opened at $94.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $95.28 for the day. The stock traded down to $94.00 during the day, due to lack of any buying support eventually closed down at $94.86 with a loss of -0.13% for the day. The stock had closed at $94.98 on the previous day. The total traded volume was 1,646,183 shares.

Also, Citigroup maintains its rating on Dollar Tree (NASDAQ:DLTR). The global brokerage major raises the current price target from $84 per share to $100 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on June 6, 2016. The company shares have rallied 19.89% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $95.23 and the one year low was seen on Oct 14, 2015. The 50-Day Moving Average price is $88.64 and the 200 Day Moving Average price is recorded at $81.72.

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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