Dollar Tree Stores Stock Hits New 52-Week High (DLTR)

NEW YORK ( TheStreet) -- Dollar Tree Stores (Nasdaq: DLTR) hit a new 52-week high Thursday as it is currently trading at $86.70, above its previous 52-week high of $86.64 with 502,378 shares traded as of 12:34 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Dollar Tree Stores has a market cap of $10.23 billion and is part of the services sector and retail industry. Shares are up 2.6% year to date as of the close of trading on Wednesday.

Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise primarily at the fixed price of $1.00. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant, and Dollar Bills. The company has a P/E ratio of 23.1, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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, increase in net income, notable return on equity and good cash flow from operations. 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.

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