Dollar Tree (NASDAQ:DLTR) Price Target Cut to $78.00 by Analysts at JPMorgan Chase & Co.

Dollar Tree (NASDAQ:DLTR) had its price objective decreased by JPMorgan Chase & Co. from $88.00 to $78.00 in a report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company dropped their price target on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group boosted their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. BMO Capital Markets boosted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Finally, Loop Capital increased their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $83.68.

Dollar Tree Trading Up 11.2 %

Shares of DLTR stock opened at $76.95 on Thursday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a market cap of $16.54 billion, a PE ratio of -16.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $71.15 and its two-hundred day moving average is $70.18.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $2.55 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that Dollar Tree will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC increased its stake in shares of Dollar Tree by 28.3% in the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after buying an additional 442 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Dollar Tree by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after acquiring an additional 10,681 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Dollar Tree by 9.8% in the third quarter. Daiwa Securities Group Inc. now owns 41,216 shares of the company’s stock worth $2,898,000 after acquiring an additional 3,680 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Dollar Tree during the third quarter worth approximately $48,000. Finally, Townsquare Capital LLC grew its stake in shares of Dollar Tree by 5.6% during the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after purchasing an additional 931 shares during the last quarter. 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.