JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Dollar Tree (NASDAQ:DLTR) Stock

Dollar Tree (NASDAQ:DLTR) had its price target raised by stock analysts at JPMorgan Chase & Co. from $70.00 to $82.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 31.39% from the company’s previous close.

Several other research analysts have also issued reports on DLTR. Sanford C. Bernstein began coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price for the company. StockNews.com downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Melius Research initiated coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 target price for the company. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, UBS Group lowered their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.11.

Dollar Tree Stock Down 6.5 %

Shares of NASDAQ DLTR opened at $62.41 on Tuesday. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of -12.79, a P/E/G ratio of 2.82 and a beta of 0.87. Dollar Tree has a 12-month low of $60.52 and a 12-month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $69.76 and its 200-day moving average price is $95.00.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, equities research analysts anticipate that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of large investors have recently modified their holdings of the business. Mount Yale Investment Advisors LLC grew its position in Dollar Tree by 4.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after purchasing an additional 93 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after purchasing an additional 110 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Dollar Tree by 2.1% during the second quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock worth $603,000 after purchasing an additional 116 shares during the period. Raymond James Trust N.A. boosted its position in Dollar Tree by 2.5% in the second quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock valued at $533,000 after buying an additional 124 shares during the last quarter. Finally, Burney Co. increased its holdings in Dollar Tree by 1.4% in the 1st quarter. Burney Co. now owns 9,598 shares of the company’s stock worth $1,278,000 after buying an additional 131 shares during the period. Hedge funds and other 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.