Dollar Tree (NASDAQ:DLTR) had its target price increased by analysts at JPMorgan Chase & Co. from $91.00 to $100.00 in a report released on Thursday, The Fly reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 9.73% from the company’s previous close.
DLTR has been the subject of a number of other reports. Piper Sandler cut their price target on Dollar Tree from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Guggenheim lifted their price target on Dollar Tree from $85.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 29th. Telsey Advisory Group lifted their price target on Dollar Tree from $92.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Credit Suisse Group lifted their price target on Dollar Tree from $98.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Wells Fargo & Co boosted their price objective on Dollar Tree from $97.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $102.68.
Shares of Dollar Tree stock traded up $0.84 during trading on Thursday, reaching $91.13. The company’s stock had a trading volume of 29,126 shares, compared to its average volume of 2,488,985. The stock has a 50-day moving average price of $90.46 and a two-hundred day moving average price of $85.25. 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 one year low of $60.20 and a one year high of $119.71. 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.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.19. Dollar Tree had a return on equity of 18.69% and a net margin of 3.35%. The business had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree will post 4.65 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of DLTR. Franklin Resources Inc. grew its position in shares of Dollar Tree by 262,081.4% in the 1st quarter. Franklin Resources Inc. now owns 6,740,685 shares of the company’s stock valued at $495,303,000 after purchasing an additional 6,738,114 shares during the period. Norges Bank bought a new stake in shares of Dollar Tree during the 4th quarter worth approximately $255,510,000. Macquarie Group Ltd. raised its stake in shares of Dollar Tree by 13.9% during the 4th quarter. Macquarie Group Ltd. now owns 10,287,839 shares of the company’s stock worth $967,571,000 after purchasing an additional 1,256,237 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Dollar Tree by 65.0% during the 1st quarter. Wellington Management Group LLP now owns 3,007,624 shares of the company’s stock worth $220,970,000 after purchasing an additional 1,184,947 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Dollar Tree by 23.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,779,415 shares of the company’s stock worth $543,554,000 after purchasing an additional 1,107,769 shares in the last quarter. Institutional investors and hedge funds 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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