Dollar Tree (NASDAQ:DLTR) had its price objective increased by analysts at JPMorgan Chase & Co. from $91.00 to $100.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.73% from the stock’s current price.
Several other equities analysts have also recently issued reports on the stock. BidaskClub raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Gordon Haskett upgraded shares of Dollar Tree from a “reduce” rating to a “hold” rating in a research report on Friday, March 27th. Wells Fargo & Co boosted their target price on shares of Dollar Tree from $97.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on shares of Dollar Tree in a research report on Monday, May 18th. They set a “buy” rating and a $89.00 target price on the stock. Finally, TheStreet upgraded shares of Dollar Tree from a “c+” rating to a “b” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Dollar Tree has an average rating of “Buy” and a consensus target price of $102.68.
NASDAQ DLTR traded up $0.84 on Thursday, reaching $91.13. 29,126 shares of the company were exchanged, compared to its average volume of 2,488,985. The business’s fifty day moving average price is $90.46 and its 200 day moving average price is $85.25. The stock has a market capitalization of $21.74 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63. The company has a current ratio of 1.15, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24. Dollar Tree has a fifty-two week low of $60.20 and a fifty-two week high of $119.71.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.19. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.14 billion. Dollar Tree had a return on equity of 18.69% and a net margin of 3.35%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. Equities research analysts forecast that Dollar Tree will post 4.65 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Eudaimonia Partners LLC purchased a new position in Dollar Tree in the 1st quarter valued at about $26,000. Bessemer Group Inc. lifted its holdings in Dollar Tree by 335.7% in the 1st quarter. Bessemer Group Inc. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 282 shares in the last quarter. First Bank & Trust purchased a new position in Dollar Tree in the 1st quarter valued at about $41,000. Bainco International Investors purchased a new position in Dollar Tree in the 1st quarter valued at about $41,000. Finally, CSat Investment Advisory L.P. lifted its holdings in Dollar Tree by 53.1% in the 4th quarter. CSat Investment Advisory L.P. now owns 591 shares of the company’s stock valued at $55,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 89.58% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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