Dollar Tree (NASDAQ:DLTR) PT Raised to $152.00

Dollar Tree (NASDAQ:DLTR) had its price target boosted by research analysts at JPMorgan Chase & Co. from $144.00 to $152.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.52% from the company’s previous close.

Other analysts also recently issued research reports about the company. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Guggenheim upped their price target on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Truist Financial cut their price target on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group cut their price target on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

Dollar Tree Stock Down 1.0 %

DLTR stock opened at $124.06 on Monday. Dollar Tree has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The business’s 50 day moving average price is $137.11 and its two-hundred day moving average price is $128.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of -26.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90.

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

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now 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 currently owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently modified their holdings of DLTR. Main Street Group LTD purchased a new position in shares of Dollar Tree in the fourth quarter worth $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $26,000. United Community Bank purchased a new position in shares of Dollar Tree in the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree in the first quarter worth $28,000. Finally, Farther Finance Advisors LLC lifted 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 in 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.