Credit Suisse Thinks Dollar Tree’s Stock is Going to Recover
In a report released yesterday, Judah Frommer from Credit Suisse maintained a Buy rating on Dollar Tree (DLTR), with a price target of $96. The company’s shares closed yesterday at $83.15, close to its 52-week low of $78.78.
According to TipRanks.com, Frommer is a 2-star analyst with an average return of 0.8% and a 61.9% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Sprouts Farmers, and Dollar General.
Currently, the analyst consensus on Dollar Tree is a Moderate Buy with an average price target of $94.93.
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The company has a one-year high of $116.65 and a one-year low of $78.78. Currently, Dollar Tree has an average volume of 4.05M.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DLTR in relation to earlier this year.
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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.