Dollar Tree (NASDAQ:DLTR) Price Target Raised to $82.00

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

Several other analysts have also recently issued reports on DLTR. Piper Sandler reduced their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Sanford C. Bernstein initiated coverage on Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Wells Fargo & Company reduced their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley cut their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.11.

Dollar Tree Trading Up 0.3 %

NASDAQ:DLTR traded up $0.23 during trading hours on Tuesday, reaching $67.04. 767,219 shares of the stock were exchanged, compared to its average volume of 3,227,801. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $70.97 and a two-hundred day moving average of $95.62. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of -13.59, a PEG ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released 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 firm had revenue of $7.37 billion for the quarter, compared to analyst estimates 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 for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts predict that Dollar Tree will post 5.33 EPS for the current year.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $37,000. Blue Trust Inc. raised its position in shares of Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 274 shares during the last quarter. Eastern Bank acquired a new position in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.