Dollar Tree (NASDAQ:DLTR) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Dollar Tree (NASDAQ:DLTR) from a neutral rating to an overweight rating in a report released on Thursday morning, Marketbeat.com reports. The brokerage currently has $111.00 target price on the stock, up from their previous target price of $72.00.

Other research analysts also recently issued research reports about the company. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research note on Thursday, March 27th. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America cut their price target on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 8th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a “market perform” rating in a research note on Monday, May 5th. Finally, Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $90.26.

Dollar Tree Stock Down 2.2%

NASDAQ:DLTR opened at $94.50 on Thursday. The stock’s fifty day moving average price is $82.48 and its two-hundred day moving average price is $75.42. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $111.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market cap of $20.33 billion, a price-to-earnings ratio of -19.81, a P/E/G ratio of 2.16 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Dollar Tree will post 5.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds have recently modified their holdings of DLTR. Blue Trust Inc. grew its holdings in shares of Dollar Tree by 47.8% in the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company’s stock valued at $100,000 after acquiring an additional 462 shares in the last quarter. Caprock Group LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at about $382,000. E. Ohman J or Asset Management AB grew its holdings in shares of Dollar Tree by 24.4% in the 4th quarter. E. Ohman J or Asset Management AB now owns 10,700 shares of the company’s stock valued at $802,000 after acquiring an additional 2,100 shares in the last quarter. Kercheville Advisors LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at about $300,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at about $1,280,000. Institutional investors own 97.40% of the company’s stock.

About Dollar Tree

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.