Dollar Tree (NASDAQ:DLTR) Price Target Raised to $148.00 at JPMorgan Chase & Co.

Dollar Tree (NASDAQ:DLTR) had its price objective upped by JPMorgan Chase & Co. from $135.00 to $148.00 in a research note published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also weighed in on the company. Truist Financial reduced their price objective on Dollar Tree from $147.00 to $140.00 and set a buy rating on the stock in a research note on Thursday, June 6th. Telsey Advisory Group dropped their target price on Dollar Tree from $160.00 to $155.00 and set an outperform rating on the stock in a report on Thursday, June 6th. Wells Fargo & Company dropped their target price on Dollar Tree from $180.00 to $160.00 and set an overweight rating on the stock in a report on Thursday, June 6th. BMO Capital Markets dropped their target price on Dollar Tree from $150.00 to $145.00 and set an outperform rating on the stock in a report on Thursday, June 6th. Finally, StockNews.com upgraded Dollar Tree from a sell rating to a hold rating in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of Moderate Buy and a consensus price target of $141.55.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $106.56 on Thursday. The firm has a market capitalization of $22.90 billion, a P/E ratio of -23.22, a P/E/G ratio of 1.15 and a beta of 0.88. Dollar Tree has a 1-year low of $101.83 and a 1-year high of $154.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The business’s 50-day simple moving average is $110.34 and its 200-day simple moving average is $125.20.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. Equities analysts predict that Dollar Tree will post 6.61 EPS for the current year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors raised its position in shares of Dollar Tree by 2.8% during the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after acquiring an additional 487,180 shares in the last quarter. Capital International Investors grew its stake in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after buying an additional 2,445,827 shares during the last quarter. FIL Ltd grew its stake in Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after buying an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP grew its stake in Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after buying an additional 73,588 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after buying an additional 348,442 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.