Dollar Tree (DLTR) is Upgraded by Deutsche Bank to Buy, Raises Price Target to $ 110

Dollar Tree (DLTR) was Upgraded by Deutsche Bank to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 110 from a previous price target of $82 . Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on Aug 1, 2016.

Many Wall Street Analysts have commented on Dollar Tree. Company shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 102 from a previous price target of $95 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Top Pick”, Firm has raised the Price Target to $ 101 from a previous price target of $94 .Topeka Capital Markets Initiated Dollar Tree on May 24, 2016 to “Buy”, Price Target of the shares are set at $105.

On the company’s financial health, Dollar Tree reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.81. The company had revenue of $5085.80 million for the quarter, compared to analysts expectations of $5090.73 million. The company’s revenue was up 133.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Dollar Tree opened for trading at $96.27 and hit $96.5528 on the upside on Friday, eventually ending the session at $96.29, with a gain of 0.18% or 0.17 points. The heightened volatility saw the trading volume jump to 9,88,787 shares. Company has a market cap of $22,692 M.

In a different news, on Jul 12, 2016, Thomas A Saunders (director) sold 5,000 shares at $95.50 per share price. According to the SEC, 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.

Dollar Tree

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