Dollar Tree Receives a Buy from Credit Suisse


Credit Suisse analyst Judah Frommer maintained a Buy rating on Dollar Tree (NASDAQ: DLTR) yesterday and set a price target of $93. The company’s shares closed yesterday at $86.59.

According to TipRanks.com, Frommer is a 2-star analyst with an average return of 3.3% and a 70.0% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and US Food Holdings Corp.

Currently, the analyst consensus on Dollar Tree is Strong Buy and the average price target is $106.22, representing a 22.7% upside.

In a report issued on May 31, Barclays also maintained a Buy rating on the stock with a $105 price target.

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Dollar Tree’s market cap is currently $20.59B and has a P/E ratio of 12.32. The company has a Price to Book ratio of 2.80.

Based on the recent corporate insider activity of 92 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. Earlier this month, Thomas A. Saunders, a Director at DLTR bought 30,126 shares for a total of $1,533,995.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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