JPMorgan Chase & Co. Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $160.00

Dollar Tree (NASDAQ:DLTRGet Rating) had its target price cut by analysts at JPMorgan Chase & Co. from $170.00 to $160.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.26% from the stock’s current price.

DLTR has been the topic of several other research reports. Truist Financial set a $170.00 price objective on shares of Dollar Tree in a report on Thursday, November 24th. Credit Suisse Group began coverage on shares of Dollar Tree in a report on Monday, December 19th. They set a “neutral” rating and a $150.00 price objective on the stock. Evercore ISI cut their price target on shares of Dollar Tree from $170.00 to $160.00 in a report on Wednesday, November 23rd. OTR Global upgraded shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Dollar Tree from $163.00 to $194.00 in a report on Wednesday, November 23rd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree has an average rating of “Moderate Buy” and a consensus price target of $171.13.

Dollar Tree Stock Performance

DLTR stock opened at $147.79 on Thursday. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.37 and a beta of 0.70. The firm has a 50-day simple moving average of $147.44 and a two-hundred day simple moving average of $151.24. Dollar Tree has a one year low of $123.62 and a one year high of $177.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.17 and a current ratio of 1.38.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree will post 7.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mantle Ridge LP lifted its position in shares of Dollar Tree by 11,365,431.0% during the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after buying an additional 11,365,431 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dollar Tree by 267.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,409,680 shares of the company’s stock valued at $191,857,000 after buying an additional 1,026,482 shares in the last quarter. Invesco Ltd. lifted its position in shares of Dollar Tree by 69.3% during the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock valued at $292,377,000 after buying an additional 747,162 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Dollar Tree by 101.2% during the 2nd quarter. National Bank of Canada FI now owns 1,152,687 shares of the company’s stock valued at $179,952,000 after buying an additional 579,724 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Dollar Tree by 18.2% during the 1st quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock valued at $570,592,000 after buying an additional 548,597 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Dollar Tree Company Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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