Oppenheimer Gives a Hold Rating to Dollar Tree (DLTR)


In a report released today, Rupesh Parikh from Oppenheimer assigned a Hold rating to Dollar Tree (DLTR). The company’s shares closed yesterday at $98.08.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.7% and a 64.1% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Dollar Tree is a Moderate Buy with an average price target of $105.60, implying a 7.7% upside from current levels. In a report issued on February 11, Wolfe Research also initiated coverage with a Hold rating on the stock.

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Dollar Tree’s market cap is currently $23.34B and has a P/E ratio of 13.31. The company has a Price to Book ratio of 2.94.

Based on the recent corporate insider activity of 84 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. Most recently, in November 2018, Thomas A. Saunders, a Director at DLTR bought 5,527 shares for a total of $352,256.

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.