BMO Capital Believes Dollar Tree (DLTR) Won’t Stop Here

BMO Capital analyst Kelly Bania maintained a Buy rating on Dollar Tree (DLTRResearch Report) today and set a price target of $170.00. The company’s shares closed last Thursday at $147.85, close to its 52-week high of $149.37.

According to TipRanks.com, Bania is a 4-star analyst with an average return of 6.0% and a 60.4% success rate. Bania covers the Consumer Goods sector, focusing on stocks such as Casey’s General, Sprouts Farmers, and SpartanNash Co.

Currently, the analyst consensus on Dollar Tree is a Strong Buy with an average price target of $168.78, a 18.9% upside from current levels. In a report released today, Guggenheim also maintained a Buy rating on the stock with a $175.00 price target.

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Dollar Tree’s market cap is currently $31.48B and has a P/E ratio of 23.64.

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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.

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