Breaking Finance News

Dollar Tree (NASDAQ:DLTR) has been downgraded from Buy to Hold in a statement by Loop Capital earlier today.

Boasting a price of $91.37, Dollar Tree (NASDAQ:DLTR) traded 0.26% higher on the day. With the last stock price close up 18.10% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Dollar Tree has recorded a 50-day average of $84.47 and a two hundred day average of $77.57. Volume of trade was down over the average, with 460,964 shares of DLTR changing hands under the typical 2,608,160

Loop Capital has downgraded Dollar Tree (NASDAQ:DLTR) from Buy to Hold in a statement released on 10/13/2017.

Performance Chart

Dollar Tree (NASDAQ:DLTR)

With a total market value of $0, Dollar Tree has PE ratio of 23.44 with a 52 week low of $65.63 and a 52 week high of $91.80 .

In addition to Loop Capital reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company. The average stock price target is $95.49 with 4 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 13 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores. Its stores operate under the names of Dollar Tree, Family Dollar and Dollar Tree Canada. As of January 28, 2017, the Dollar Tree segment included 6,360 stores operating under the Dollar Tree and Dollar Tree Canada brands, 11 distribution centers in the United States and two in Canada and a Store Support Center in Chesapeake, Virginia, and 11 distribution centers and a Store Support Center in Matthews, North Carolina under the Family Dollar brand.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.