Deutsche Bank Maintains Buy Rating for Dollar Tree: Here's What You Need To Know

Deutsche Bank has decided to maintain its Buy rating of Dollar Tree DLTR and raise its price target from $161.00 to $162.00.

Shares of Dollar Tree are trading up 0.77% over the last 24 hours, at $143.87 per share.

A move to $162.00 would account for a 12.6% increase from the current share price.

About Dollar Tree

Dollar Tree operates discount stores in the U.S. and Canada, including 8,134 shops under its namesake banner and 8,206 Family Dollar units (as of the end of fiscal 2022). The eponymous chain features branded and own-label goods, with most items priced at $1.25. Around 45% of Dollar Tree stores' fiscal 2022 sales came from consumables (including food, health and beauty, and household paper and cleaning products), nearly 50% from variety items (including toys and housewares), and just over 5% from seasonal goods. Family Dollar features branded and private-label goods at prices generally ranging from $1 to $10, with over 77% of fiscal 2022 sales from consumables, 9% from seasonal/electronic items (including prepaid phones and toys), 8% from home products, and 6% from apparel and accessories.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.