Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dollar Tree (NASDAQ:DLTR) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $138.00 to $140.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 38.45% from the stock’s previous close.

A number of other equities research analysts have also recently commented on DLTR. The Goldman Sachs Group cut Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, June 5th. Gordon Haskett cut Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price objective on the stock. in a research report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Dollar Tree in a research report on Thursday. Cfra Research raised Dollar Tree to a “hold” rating in a research report on Wednesday, May 28th. Finally, Evercore ISI increased their price objective on Dollar Tree from $108.00 to $110.00 and gave the company an “in-line” rating in a research report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.95.

Dollar Tree Trading Up 0.9%

NASDAQ DLTR opened at $101.12 on Thursday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $118.06. The stock has a market cap of $20.63 billion, a P/E ratio of -7.45, a P/E/G ratio of 2.11 and a beta of 0.89. The stock’s fifty day moving average price is $110.41 and its 200-day moving average price is $91.07. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has authorized a share repurchase plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock worth $1,030,000 after purchasing an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. grew its position in shares of Dollar Tree by 13.2% during the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock worth $5,149,000 after purchasing an additional 8,015 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Dollar Tree during the first quarter worth about $3,585,000. Empower Advisory Group LLC grew its position in shares of Dollar Tree by 8.0% during the first quarter. Empower Advisory Group LLC now owns 821,288 shares of the company’s stock worth $61,654,000 after purchasing an additional 60,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Dollar Tree by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,471,865 shares of the company’s stock worth $110,493,000 after purchasing an additional 85,508 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.