Dollar Tree (DLTR) Receives a Buy from Wells Fargo


In a report issued on December 6, Edward Kelly from Wells Fargo maintained a Buy rating on Dollar Tree (DLTR). The company’s shares closed last Monday at $92.24.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 7.3% and a 68.0% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and United Natural Foods.

Dollar Tree has an analyst consensus of Moderate Buy, with a price target consensus of $108.61, which is a 18.8% upside from current levels. In a report issued on November 22, Piper Jaffray also maintained a Buy rating on the stock with a $120.00 price target.

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Based on Dollar Tree’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $256 million. In comparison, last year the company had a net profit of $282 million.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLTR in relation to earlier this year. Last month, Thomas A. Saunders, a Director at DLTR bought 9,889 shares for a total of $890,010.

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 through Dollar Tree and Family Dollar segments. 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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