JPMorgan Chase & Co. Raises Dollar Tree (NASDAQ:DLTR) Price Target to $152.00

Dollar Tree (NASDAQ:DLTR) had its target price lifted by JPMorgan Chase & Co. from $144.00 to $152.00 in a report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

DLTR has been the topic of several other reports. Telsey Advisory Group restated an outperform rating and set a $160.00 price target on shares of Dollar Tree in a research report on Thursday, March 14th. Evercore ISI lifted their price target on Dollar Tree from $144.00 to $145.00 and gave the company an in-line rating in a research report on Tuesday, April 2nd. Guggenheim lifted their price target on Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Piper Sandler dropped their price target on Dollar Tree from $171.00 to $168.00 and set an overweight rating on the stock in a research report on Thursday, March 14th. Finally, Wells Fargo & Company lifted their price target on Dollar Tree from $160.00 to $180.00 and gave the company an overweight rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $150.05.

Dollar Tree Price Performance

Shares of DLTR stock opened at $122.23 on Monday. The firm has a market cap of $26.64 billion, a P/E ratio of -26.46, a P/E/G ratio of 1.17 and a beta of 0.90. Dollar Tree has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The business’s 50 day moving average price is $136.42 and its 200-day moving average price is $128.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. Dollar Tree’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 earnings per share. On average, equities research analysts anticipate that Dollar Tree will post 6.91 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Institutional Trading of Dollar Tree

Large investors have recently modified their holdings of the company. Main Street Group LTD bought a new stake in shares of Dollar Tree in the fourth quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth $26,000. United Community Bank bought a new stake in Dollar Tree during the fourth quarter valued at about $27,000. Register Financial Advisors LLC bought a new stake in Dollar Tree during the first quarter valued at about $28,000. Finally, Farther Finance Advisors LLC grew its holdings in Dollar Tree by 111.1% during the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.