A Reversal for Dollar Tree, Inc. (DLTR) Is Not Near. The Stock Reaches 52-Week High Today

November 21, 2017 - By Vivian Park

Investors sentiment increased to 1.24 in Q2 2017. Its up 0.34, from 0.9 in 2017Q1. It improved, as 51 investors sold Dollar Tree, Inc. shares while 170 reduced holdings. 75 funds opened positions while 200 raised stakes. 210.13 million shares or 1.98% less from 214.37 million shares in 2017Q1 were reported.
Credit Suisse Ag stated it has 0.03% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Highbridge Capital Mngmt Ltd invested in 0.18% or 173,042 shares. Susquehanna Intll Ltd Liability Partnership has 325,207 shares for 0.01% of their portfolio. Davenport And Company Lc holds 748,015 shares or 0% of its portfolio. Bluemountain Cap Ltd Liability Corp has invested 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Tokio Marine Asset Limited holds 4,109 shares. Parametric Associate Ltd Liability Com holds 632,737 shares. Westpac Bk accumulated 56,842 shares or 0% of the stock. Next Fincl Grp Incorporated has invested 0% in Dollar Tree, Inc. (NASDAQ:DLTR). Paloma Partners Co has invested 0.01% in Dollar Tree, Inc. (NASDAQ:DLTR). Cornerstone Capital Mngmt Hldgs Limited stated it has 40,872 shares or 0.02% of all its holdings. Pnc Serv owns 0.03% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 421,845 shares. Dupont Cap Mgmt holds 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 1,225 shares. Tocqueville Asset L P, a New York-based fund reported 27,160 shares. 500 are owned by Sageworth.

Since June 15, 2017, it had 2 buys, and 0 selling transactions for $600,695 activity. 5,000 shares were bought by Hall Conrad M., worth $352,400 on Friday, June 16.

The stock of Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week high and has $102.91 target or 4.00 % above today’s $98.95 share price. The 9 months bullish chart indicates low risk for the $23.44B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $102.91 price target is reached, the company will be worth $937.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 3.49 million shares traded or 76.26% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 3.60% since November 21, 2016 and is uptrending. It has underperformed by 13.10% the S&P500.

Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage

Among 32 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 20 have Buy rating, 1 Sell and 11 Hold. Therefore 63% are positive. Dollar Tree Inc. has $118.0 highest and $60 lowest target. $93.04’s average target is -5.97% below currents $98.95 stock price. Dollar Tree Inc. had 82 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America upgraded the shares of DLTR in report on Friday, September 4 to “Buy” rating. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by Topeka Capital Markets on Tuesday, May 24. Canaccord Genuity maintained it with “Buy” rating and $82 target in Friday, September 11 report. The firm earned “Hold” rating on Friday, May 27 by Deutsche Bank. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Market Perform” rating by Bernstein on Monday, August 28. As per Friday, November 6, the company rating was reinitiated by JP Morgan. The firm has “Neutral” rating by Citigroup given on Thursday, September 10. The rating was maintained by Deutsche Bank on Wednesday, November 23 with “Buy”. The rating was downgraded by Raymond James to “Market Perform” on Wednesday, March 2. The rating was maintained by Deutsche Bank with “Buy” on Monday, October 10.

More important recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Nasdaq.com which released: “Will Comps Growth Aid Dollar Tree’s (DLTR) Q3 Earnings?” on November 16, 2017, also Benzinga.com published article titled: “Fast Money Picks For November 21”, Nasdaq.com published: “Dollar Tree (DLTR) Stock Jumps on Q3 Earnings Beat, View Up” on November 21, 2017. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) was released by: Nasdaq.com and their article: “Dollar Tree Inc. Reports 40% Gain In Q3 Earnings” with publication date: November 21, 2017.

Dollar Tree, Inc. is an operator of discount variety stores. The company has market cap of $23.44 billion. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. It has a 25.3 P/E ratio. The Company’s divisions include Dollar Tree and Family Dollar.

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