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NEW YORK ( TheStreet) -- Dollar Tree Stores (Nasdaq: DLTR) hit a new 52-week high Thursday as it is currently trading at $99.72, above its previous 52-week high of $99.68 with 293,747 shares traded as of 1:59 p.m. ET. Average volume has been 942,300 shares over the past 30 days. Dollar Tree Stores has a market cap of $11.19 billion and is part of the services sector and retail industry. Shares are up 16.4% 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 at the fixed price of $1.00. The company has a P/E ratio of 24, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.