Dollar Tree (NASDAQ:DLTR) had its price target upped by Goldman Sachs Group Inc. to $61.00 in a research note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a buy rating on the stock.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 2.10% during mid-day trading on Monday, hitting $57.00. 2,130,921 shares of the company’s stock traded hands. Dollar Tree has a one year low of $37.12 and a one year high of $56.40. The stock’s 50-day moving average is $53.47 and its 200-day moving average is $50.16. The company has a market cap of $12.711 billion and a price-to-earnings ratio of 19.73.
A number of other analysts have also recently weighed in on DLTR. Analysts at Deutsche Bank upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a buy rating in a research note to investors on Monday, August 26th. They now have a $60.00 price target on the stock, up previously from $49.00. Separately, analysts at Wedbush raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $56.00 to $60.00 in a research note to investors on Friday, August 23rd. They now have an outperform rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $56.00 to $60.00 in a research note to investors on Friday, August 23rd.
Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $55.28.
In other Dollar Tree news, Insider James A. Paisley sold 5,096 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $54.17, for a total value of $276,050.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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