Dollar Tree rose 1.7% during the morning session to $153.49 per share. As reported by Reuters: "Dollar Tree says Executive Chairman Dreiling will replace CEO..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Dollar Tree, Inc. operates discount variety retail stores. The company belongs to the Consumer Defensive sector, which has an average price to earnings (P/E) ratio of 24.21 and an average price to book (P/B) ratio of 4.09. In contrast, Dollar Tree has a trailing 12 month P/E ratio of 20.9 and a P/B ratio of 4.1.
Dollar Tree has moved 15.0% over the last year compared to -7.7% for the S&P 500 -- a difference of 22.7%. Dollar Tree has a 52 week high of $177.19 and a 52 week low of $124.76. At today's price of $153.49 per share, Dollar Tree is -6.41% away from its target price of $164, and on average, analysts give the stock a rating of buy. 3.4% of the company's shares are linked to short positions, and 102.2% of the shares are owned by institutional investors.