Dollar Tree (DLTR) Gets a Buy from Loop Capital Markets

In a report released today, Anthony Chukumba from Loop Capital Markets reiterated a Buy rating on Dollar Tree (DLTR – Research Report), with a price target of $170.00. The company’s shares closed last Thursday at $133.15.

Chukumba covers the Consumer Cyclical sector, focusing on stocks such as Savers Value Village Inc., Ulta Beauty, and Best Buy Co. According to TipRanks, Chukumba has an average return of 14.5% and a 72.43% success rate on recommended stocks.

Dollar Tree has an analyst consensus of Moderate Buy, with a price target consensus of $152.38.

Based on Dollar Tree’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $8.64 billion and a GAAP net loss of $1.71 billion. In comparison, last year the company earned a revenue of $7.72 billion and had a net profit of $452.2 million

Based on the recent corporate insider activity of 27 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.

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 (DLTR) Company Description:

Dollar Tree, Inc. is a discount variety retail store operator that sells items for $1 or less. The company operates over 15,000 stores in the United States and Canada under the Dollar Tree and Family Dollar brands. It offers a wide range of quality everyday general merchandise in several categories, including candy and food, housewares, seasonal goods, health and beauty care, stationery, books, personal accessories, toys, gifts, party goods, and other consumer items.