JPMorgan Chase & Co. Raises Dollar Tree (NASDAQ:DLTR) Price Target to $82.00

Dollar Tree (NASDAQ:DLTR) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $70.00 to $82.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.32% from the company’s previous close.

Several other analysts have also recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Barclays lowered their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. UBS Group lowered their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. KeyCorp lowered their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Finally, Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average target price of $88.11.

Dollar Tree Trading Up 0.3 %

DLTR stock traded up $0.23 during midday trading on Tuesday, hitting $67.04. The stock had a trading volume of 767,219 shares, compared to its average volume of 3,227,801. The firm has a market cap of $14.41 billion, a PE ratio of -13.59, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The company’s 50-day moving average price is $70.97 and its 200 day moving average price is $95.62.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, equities research analysts predict that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA raised its stake in shares of Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after buying an additional 348,442 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after buying an additional 138,042 shares during the last quarter. American Century Companies Inc. grew its position in shares of Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after buying an additional 124,021 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in shares of Dollar Tree by 0.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after buying an additional 12,845 shares during the last quarter. Institutional investors and hedge funds 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.