Shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Free Report) traded up 2.5% during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $135.00 to $148.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Dollar Tree traded as high as $108.93 and last traded at $107.99. 2,665,347 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 2,777,888 shares. The stock had previously closed at $105.34.

A number of other equities analysts also recently commented on DLTR. UBS Group dropped their target price on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. BMO Capital Markets dropped their price objective on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Evercore ISI increased their price objective on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and an average target price of $141.55.

Get Our Latest Research Report on DLTR

Insiders Place Their Bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $26,000. United Community Bank purchased a new position in shares of Dollar Tree during the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree during the first quarter worth $28,000. Mather Group LLC. raised its holdings in shares of Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Dollar Tree during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 0.1%

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 company’s fifty day moving average is $110.34 and its 200-day moving average is $125.40. The stock has a market cap of $22.90 billion, a PE ratio of -23.22, a PEG ratio of 1.14 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 earnings per share. On average, analysts predict that Dollar Tree, Inc. will post 6.61 earnings per share for the current fiscal year.

Dollar Tree Company Profile

(Get Free Report)

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.

Further Reading

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