In a report released yesterday, Judah Frommer from Credit Suisse maintained a Buy rating on Dollar Tree (NASDAQ: DLTR), with a price target of $96. The company’s shares closed yesterday at $84.28, close to its 52-week low of $79.17.
According to TipRanks.com, Frommer is a 2-star analyst with an average return of 2.8% and a 68.8% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, US Food Holdings Corp, and Sprouts Farmers.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollar Tree with a $96.56 average price target.
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The company has a one-year high of $116.65 and a one-year low of $79.17. Currently, Dollar Tree has an average volume of 3.42M.
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Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at the fixed prices. It operates stores under the names Dollar Tree, Deal, Dollar Tree Deal, Dollar Giant and Dollar Bills. The company offers selection of everyday basic products and its supplement these basic, everyday items with seasonal, closeout and promotional merchandise.
