Dollar Tree (NASDAQ:DLTR) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Dollar Tree (NASDAQ:DLTR) from an overweight rating to a neutral rating in a research note released on Wednesday, MarketBeat reports. The brokerage currently has $70.00 price target on the stock, down from their prior price target of $111.00.

Several other equities analysts have also issued reports on DLTR. Citigroup lowered Dollar Tree from a buy rating to a neutral rating and decreased their price objective for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. Telsey Advisory Group decreased their price objective on Dollar Tree from $155.00 to $120.00 and set an outperform rating for the company in a research report on Friday, August 30th. Truist Financial decreased their price objective on Dollar Tree from $147.00 to $140.00 and set a buy rating for the company in a research report on Thursday, June 6th. Wells Fargo & Company decreased their price objective on Dollar Tree from $160.00 to $130.00 and set an overweight rating for the company in a research report on Tuesday, August 27th. Finally, UBS Group decreased their price objective on Dollar Tree from $170.00 to $155.00 and set a buy rating for the company in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dollar Tree has an average rating of Hold and a consensus target price of $95.00.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $66.50 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The stock has a market cap of $14.29 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The stock has a 50-day moving average of $97.85 and a 200-day moving average of $114.94. Dollar Tree has a one year low of $60.81 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, sell-side analysts expect that Dollar Tree will post 6.46 earnings per share for the current year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dorsal Capital Management LP bought a new position in Dollar Tree during the 4th quarter worth $35,512,000. Wellington Management Group LLP grew its holdings in shares of Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Dollar Tree by 92.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after purchasing an additional 70,478 shares in the last quarter. Bridgefront Capital LLC grew its holdings in shares of Dollar Tree by 62.5% during the 4th quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock worth $699,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Dollar Tree by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock worth $6,203,000 after purchasing an additional 743 shares in the last quarter. 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.