#2 - Dollar Tree (NASDAQ:DLTR)
It’s not surprising that Dollar Tree (NASDAQ:DLTR) would also make this list. Discount retailers are expected to do very well in 2021. This is due, in part, to the expansion of wealth inequality created by the pandemic.
Dollar Tree is the parent company of Family Dollar. Between the two chains, the company is planning to open nearly 600 stores in 2021. Part of this strategy will take the form of combination stores. These stores will be located in small towns with roughly 3,000 to 4,000 people where there are limited shopping options.
Both “stores” will target the same demographic. However, where the Family Dollar side will focus on everyday items, the Dollar Tree side will focus on seasonal offerings and items that are literally priced at $1. The stores will also offer a Crafter’s Square to capitalize on a trend that has surged during the pandemic.
DLTR stock is up 36% in the trailing twelve months and is flat in 2021.
About Dollar Tree
Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.
Read More - Current Price
- $121.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $150.05 (23.3% Upside)
