Dollar Tree Receives a Buy from Barclays

In a report released yesterday, Karen Short from Barclays maintained a Buy rating on Dollar Tree (NASDAQ: DLTR), with a price target of $105. The company’s shares closed yesterday at $82.59.

According to, Short is a 4-star analyst with an average return of 5.3% and a 56.1% success rate. Short covers the Services sector, focusing on stocks such as The Chefs’ Warehouse, United Natural Foods, and GNC Holdings Inc.

Currently, the analyst consensus on Dollar Tree is Strong Buy and the average price target is $109.36, representing a 32.4% upside.

In a report issued on May 18, Wells Fargo also maintained a Buy rating on the stock with a $112 price target.

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The company has a one-year high of $116.65 and a one-year low of $65.63. Currently, Dollar Tree has an average volume of 3.19M.

Based on the recent corporate insider activity of 89 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. Last month, Thomas A. Saunders, a Director at DLTR bought 25,555 shares for a total of $795,410.

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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.

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