Dollar Tree stock hits 52-week high at $108.99

Dollar Tree Inc . (NASDAQ:DLTR) stock reached a significant milestone, hitting a 52-week high at $108.99. With a market capitalization of $22.7 billion and impressive year-to-date returns of 44.6%, this achievement reflects the company’s robust performance. According to InvestingPro analysis, the stock has shown particularly strong momentum with a 48.7% gain over the past six months. The retailer’s recent strategic initiatives and cost management efforts have contributed to its steady growth, allowing it to achieve this notable price level. Trading at a P/E ratio of 21.4, InvestingPro analysis suggests the stock is currently fairly valued. As the market continues to fluctuate, Dollar Tree’s ability to reach this 52-week high underscores its resilience and potential for further advancement in the competitive retail sector. InvestingPro offers 11 additional technical and fundamental insights for this stock.

In other recent news, Dollar Tree has completed the sale of its Family Dollar business to private investment firms Brigade Capital and Macellum Capital for approximately $1 billion. This transaction is expected to generate around $800 million in net proceeds and a cash tax shield of about $375 million. The sale allows Dollar Tree to concentrate its resources on its core brand while reducing operational expenses. Additionally, Dollar Tree announced the replenishment of its share repurchase authorization to $2.5 billion, reflecting its strategy to invest in growth and return excess cash to shareholders. Analysts from Bernstein SocGen raised their price target for Dollar Tree to $86, noting strong sales but cautioning about potential earnings volatility due to tariffs. UBS analysts maintained their Buy rating, despite confusion over guidance related to additional costs impacting earnings. Dollar Tree’s first-quarter results exceeded expectations, with a 5.4% increase in comparable sales and adjusted earnings per share of $1.26, surpassing forecasts. The company has also raised its full-year gross margin outlook, anticipating significant expansion in the latter half of the year.

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