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Dollar Tree's Pricey Stock Is Still Worth Buying

Dollar Tree (DLTR) is set to report second-quarter earnings results before the opening bell Thursday. The bargain store's shares aren't cheap at 25 times forward earnings estimates of the $3.80 per share. However, Dollar Tree is increasing same-store sales and customer transactions. Combined with consistent increases in average ticket items, the company is doing all of the right things to create value.

As a results, shares have soared some 24% year to date and, at $95.51, now trade near all-time highs. These gains have...