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

Dollar Tree (NASDAQ:DLTR - Free Report) had its target price hoisted by JPMorgan Chase & Co. from $70.00 to $82.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently commented on DLTR. Redburn Atlantic upgraded shares of Dollar Tree to a "hold" rating in a report on Monday, September 23rd. StockNews.com downgraded shares of Dollar Tree from a "hold" rating to a "sell" rating in a research note on Friday, September 6th. Citigroup lowered their price target on Dollar Tree from $120.00 to $64.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. BMO Capital Markets downgraded shares of Dollar Tree from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Finally, Truist Financial cut their target price on shares of Dollar Tree from $140.00 to $79.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and an average target price of $88.11.

Dollar Tree Stock Performance

DLTR traded down $0.04 during trading on Tuesday, reaching $66.77. 6,022,012 shares of the company were exchanged, compared to its average volume of 3,252,355. 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 stock has a market cap of $14.35 billion, a P/E ratio of -13.68, a PEG ratio of 2.82 and a beta of 0.87. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The firm has a 50 day moving average of $70.40 and a 200 day moving average of $95.23.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, sell-side analysts forecast that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling 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 shares were acquired at an average cost 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 in the company, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Sanctuary Advisors LLC acquired a new stake in shares of Dollar Tree in the second quarter valued at $779,000. Raymond James & Associates grew its stake in Dollar Tree by 80.6% in the third quarter. Raymond James & Associates now owns 310,084 shares of the company's stock valued at $21,805,000 after acquiring an additional 138,415 shares during the period. Forsta AP Fonden lifted its stake in Dollar Tree by 174.7% in the third quarter. Forsta AP Fonden now owns 98,600 shares of the company's stock valued at $6,934,000 after buying an additional 62,700 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Dollar Tree by 165.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company's stock valued at $109,803,000 after acquiring an additional 640,848 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE lifted its stake in Dollar Tree by 74.6% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 24,634 shares of the company's stock valued at $1,732,000 after acquiring an additional 10,522 shares in the last quarter. 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.