Dollar Tree (NASDAQ:DLTR – Get Free Report) was raised by equities researchers at JPMorgan Chase & Co. from $135.00 to $148.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 38.89% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on DLTR. Evercore ISI increased their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Wells Fargo & Company lowered their price target on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the company in a report on Thursday, June 6th. UBS Group lowered their price target on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the company in a research note on Friday, June 28th. Piper Sandler downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price target on the company from $143.00 to $112.00 in a research note on Tuesday. Finally, Telsey Advisory Group lowered their price target on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.55.

Get our latest stock analysis on Dollar Tree

Dollar Tree shares down 0.1%

DLTR shares opened at $106.56 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28, and a quick ratio of 0.23. Dollar Tree has a 52-week low of $101.83 and a 52-week high of $154.96. The company has a 50-day moving average of $110.34 and a 200-day moving average of $125.40. The stock has a market cap of $22.90 billion, a price-to-earnings ratio of -23.22, a price-to-earnings growth ratio of 1.14, and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings results on Wednesday, June 5. The company reported $1.43 earnings per share (EPS) for the quarter, which met analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period a year ago, the company earned $1.47 EPS. The company’s quarterly revenue increased 4.2% compared to the same quarter a year ago. As a group, equities research analysts expect Dollar Tree to post 6.61 EPS for the current year.

Insider buying and selling

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred on Tuesday, June 25. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which can be accessed at this link. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

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

About Dollar Tree

(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 a fixed price of $1.25. It offers consumables, including daily consumables such as paper towels and chemicals, food, candy, health care products, personal care products, and frozen and refrigerated foods; miscellaneous merchandise consisting of toys, durable household goods, giftware, stationery, party supplies, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods, including Christmas, Easter, Halloween, and Valentine’s Day items.

Featured Stories

Get news and reviews for Dollar Tree Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings on Dollar Tree and related companies with MarketBeat.com’s FREE daily email newsletter.