Loop Capital Markets Remains a Buy on Dollar Tree (DLTR)

Loop Capital Markets analyst Anthony Chukumba reiterated a Buy rating on Dollar Tree (DLTR – Research Report) today and set a price target of $170.00. The company’s shares closed yesterday at $123.75.

According to TipRanks, Chukumba is a 5-star analyst with an average return of 12.8% and a 67.21% success rate. Chukumba covers the Consumer Cyclical sector, focusing on stocks such as Ulta Beauty, Dollar Tree, and Best Buy Co.

In addition to Loop Capital Markets, Dollar Tree also received a Buy from J.P. Morgan’s Matthew Boss in a report issued on April 15. However, on April 3, Gordon Haskett Capital Corporation downgraded Dollar Tree (NASDAQ: DLTR) to a Hold.

DLTR market cap is currently $26.98B and has a P/E ratio of -26.77.

Based on the recent corporate insider activity of 34 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.