Dollar Tree (NASDAQ:DLTR) has outperformed the market over the past 15 years by 9.65% on an annualized basis producing an average annual return of 16.47%. Currently, Dollar Tree has a market capitalization of $31.03 billion.
Dollar Tree's (NASDAQ:DLTR) short percent of float has risen 29.17% since its last report. The company recently reported that it has 5.81 million shares sold short, which is 3.1% of all regular shares that are available for trading.
Telsey Advisory Group cut the price target on Dollar Tree, Inc. (NASDAQ: DLTR) from $185 to $170. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating on the stock. Dollar Tree shares fell 0.3% to $148.50 in pre-market trading.
U.S. stocks closed higher on Thursday, with the CNN Money Fear and Greed index remaining in the "neutral" zone.
Investor are now awaiting speech from Fed Chair Jerome Powell at the Jackson Hole symposium. Powell is scheduled to speak at 10 a.m. ET in Wyoming.
Gainers
Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) surged 95.3% to close at $0.2580 on Thursday after Ladenburg Thalmann initiated coverage on the stock with a Buy rating and announced a price target of $6.50.
U.S. stocks closed higher on Thursday. Dollar Tree (NASDAQ: DLTR) shares, however, dropped more than 10% after the company reported worse-than-expected Q2 sales results.
U.S. stocks closed higher on Thursday driven by gains in mega-cap growth shares.
Investors are awaiting speech from the Fed chief Jerome Powell at the central bank’s annual monetary policy conference.