Guggenheim Believes Dollar Tree (DLTR) Won’t Stop Here

Guggenheim analyst John Heinbockel maintained a Buy rating on Dollar Tree (DLTRResearch Report) today and set a price target of $175.00. The company’s shares closed last Thursday at $148.01, close to its 52-week high of $149.37.

Heinbockel has an average return of 16.6% when recommending Dollar Tree.

According to TipRanks.com, Heinbockel is ranked #740 out of 7782 analysts.

Dollar Tree has an analyst consensus of Strong Buy, with a price target consensus of $168.78, implying a 18.9% upside from current levels. In a report issued on February 28, BMO Capital also upgraded the stock to Buy with a $170.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Dollar Tree’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $6.42 billion and net profit of $217 million. In comparison, last year the company earned revenue of $6.18 billion and had a net profit of $330 million.

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, 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.

Read More on DLTR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More