Dollar Tree Inc. (NASDAQ:DLTR) shares hit a new 52-week high on Monday . The company traded as high as $97.84 and last traded at $96.96, with a volume of 730,897 shares changing hands. The stock had previously closed at $96.29.

A number of brokerages recently weighed in on DLTR. Royal Bank Of Canada reissued a “buy” rating on shares of Dollar Tree in a research note on Sunday, May 29th. Zacks Investment Research downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Jefferies Group reissued a “hold” rating on shares of Dollar Tree in a research note on Saturday, April 9th. Telsey Advisory Group reissued a “buy” rating on shares of Dollar Tree in a research note on Sunday, May 29th. Finally, Deutsche Bank AG raised Dollar Tree from a “hold” rating to a “buy” rating and raised their price objective for the company from $82.00 to $110.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Dollar Tree presently has a consensus rating of “Buy” and an average target price of $94.95.

The stock’s 50-day moving average is $93.88 and its 200 day moving average is $83.86. The firm has a market capitalization of $22.94 billion and a PE ratio of 50.71.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 26th. The company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.08. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.10 billion. Dollar Tree’s revenue for the quarter was up 133.6% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. Analysts expect that Dollar Tree Inc. will post $3.79 earnings per share for the current year.

In other news, CEO Bob Sasser sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $85.34, for a total transaction of $5,120,400.00. Following the transaction, the chief executive officer now owns 61,769 shares in the company, valued at $5,271,366.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Barry W. Sullivan sold 12,297 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $90.05, for a total value of $1,107,344.85. Following the transaction, the executive vice president now owns 17,647 shares in the company, valued at approximately $1,589,112.35. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in DLTR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Dollar Tree by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,341 shares of the company’s stock worth $1,185,000 after buying an additional 260 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Dollar Tree by 5.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 29,664 shares of the company’s stock worth $2,291,000 after buying an additional 1,533 shares during the period. Palladium Partners LLC raised its position in shares of Dollar Tree by 3.0% in the fourth quarter. Palladium Partners LLC now owns 40,190 shares of the company’s stock worth $3,104,000 after buying an additional 1,178 shares during the period. Royce & Associates LLC raised its position in shares of Dollar Tree by 48.8% in the fourth quarter. Royce & Associates LLC now owns 43,000 shares of the company’s stock worth $3,320,000 after buying an additional 14,100 shares during the period. Finally, Atlantic Trust Group LLC raised its position in shares of Dollar Tree by 1.3% in the fourth quarter. Atlantic Trust Group LLC now owns 252,651 shares of the company’s stock worth $19,509,000 after buying an additional 3,164 shares during the period.

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates 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.

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