NEW YORK (

TheStreet

) --

Dollar Tree Stores

(Nasdaq:

DLTR

) hit a new 52-week high Wednesday as it is currently trading at $58, above its previous 52-week high of $57.99 with 541,699 shares traded as of 3:41 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Dollar Tree Stores has a market cap of $6.9 billion and is part of the

services

sector and

retail

industry. Shares are up 1.8% year to date as of the close of trading on Tuesday.

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Dollar Tree, Inc. operates discount variety stores in the United States. Its stores offer merchandise at the fixed price of $1.00. The company operates stores under the names of Dollar Tree, Deal$, and Dollar Bills. The company has a P/E ratio of 18.4, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Dollar Tree Stores as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Dollar Tree Stores Ratings Report

.

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