JPMorgan Chase & Co. Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $135.00

Dollar Tree (NASDAQ:DLTR) had its price objective cut by JPMorgan Chase & Co. from $152.00 to $135.00 in a research report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Piper Sandler reduced their price target on shares of Dollar Tree from $168.00 to $143.00 and set an overweight rating for the company in a research report on Thursday. KeyCorp raised Dollar Tree from a sector weight rating to an overweight rating and set a $150.00 target price on the stock in a report on Wednesday, May 1st. Loop Capital decreased their price target on Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a report on Thursday, March 14th. TheStreet cut shares of Dollar Tree from a b- rating to a c rating in a research note on Wednesday, March 13th. Finally, Morgan Stanley reduced their target price on shares of Dollar Tree from $135.00 to $130.00 and set an equal weight rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $143.70.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $111.29 on Thursday. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $154.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.22. The firm has a market capitalization of $23.92 billion, a PE ratio of -24.25, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The business’s fifty day moving average price is $121.08 and its 200 day moving average price is $130.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. On average, sell-side analysts anticipate that Dollar Tree will post 6.68 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional 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 3rd quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Dollar Tree in the 4th quarter worth about $26,000. United Community Bank bought a new position in shares of Dollar Tree in the 4th quarter worth about $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree in the 1st quarter valued at about $28,000. Finally, Operose Advisors LLC bought a new stake in shares of Dollar Tree during the 3rd quarter valued at about $34,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.