Dollar Tree (NASDAQ:DLTR) Price Target Increased to $152.00 by Analysts at JPMorgan Chase & Co.

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

A number of other analysts have also weighed in on DLTR. StockNews.com raised shares of Dollar Tree from a sell rating to a hold rating in a report on Wednesday, March 27th. Oppenheimer reaffirmed a market perform rating on shares of Dollar Tree in a report on Monday, March 4th. Gordon Haskett lowered shares of Dollar Tree from a buy rating to a hold rating and decreased their target price for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. TheStreet lowered shares of Dollar Tree from a b- rating to a c rating in a report on Wednesday, March 13th. Finally, Piper Sandler decreased their target price on shares of Dollar Tree from $171.00 to $168.00 and set an overweight rating on the stock in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $150.20.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $125.36 on Monday. The stock has a market capitalization of $27.33 billion, a P/E ratio of -27.13, a PEG ratio of 1.18 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $137.39 and its 200 day moving average is $128.17. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $161.10.

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

Insider Activity

In other news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was purchased at an average cost 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 approximately $2,590,392. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, 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. 6.00% of the stock is owned by corporate insiders.

Institutional Trading of Dollar Tree

A number of large investors have recently made changes to their positions in DLTR. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Dollar Tree in the third quarter worth approximately $26,000. Main Street Group LTD purchased a new position in shares of Dollar Tree in the fourth quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth approximately $26,000. United Community Bank purchased a new position in shares of Dollar Tree in the fourth quarter worth approximately $27,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Dollar Tree by 111.1% in the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock worth $33,000 after buying an additional 120 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.