Dollar Tree Stores Reaches New 52-Week High (DLTR)
NEW YORK (TheStreet) -- Dollar Tree Stores (Nasdaq:DLTR) hit a new 52-week high Monday as it is currently trading at $96.75, above its previous 52-week high of $96.71 with 449,623 shares traded as of 2:20 p.m. ET. Average volume has been one million shares over the past 30 days.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company has a P/E ratio of 23.8, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Dollar Tree Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Dollar Tree Stores Ratings Report.