Dollar Tree (NASDAQ:DLTR) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $169.00 to $181.00 in a research report issued to clients and investors on Tuesday, The Fly reports. JPMorgan Chase & Co.’s price target indicates a potential upside of 26.72% from the company’s previous close.
DLTR has been the subject of several other reports. UBS Group lifted their price objective on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, November 15th. Evercore ISI lifted their price objective on Dollar Tree from $125.00 to $150.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 24th. Piper Sandler raised their target price on Dollar Tree from $93.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, November 24th. Gordon Haskett upgraded Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the company from $119.45 to $170.00 in a research note on Tuesday, November 23rd. Finally, Barclays raised their target price on Dollar Tree from $100.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $141.20.
Shares of NASDAQ:DLTR opened at $142.84 on Tuesday. The firm has a market cap of $32.13 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.54 and a beta of 0.76. The company has a quick ratio of 0.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.45. Dollar Tree has a 12-month low of $84.26 and a 12-month high of $149.37. The business has a fifty day simple moving average of $136.00 and a 200 day simple moving average of $117.55.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Tuesday, November 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.01. The business had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.42 billion. Dollar Tree had a return on equity of 19.02% and a net margin of 5.29%. Dollar Tree’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. As a group, equities research analysts expect that Dollar Tree will post 5.57 EPS for the current year.
In other Dollar Tree news, insider David A. Jacobs sold 3,395 shares of the stock in a transaction that occurred on Thursday, January 6th. The shares were sold at an average price of $143.00, for a total value of $485,485.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. bought a new stake in Dollar Tree in the 4th quarter valued at $646,253,000. Capital World Investors purchased a new position in shares of Dollar Tree in the 4th quarter worth $553,637,000. Canada Pension Plan Investment Board grew its stake in shares of Dollar Tree by 161.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock worth $606,787,000 after buying an additional 2,665,651 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Dollar Tree by 719.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,031,438 shares of the company’s stock worth $285,458,000 after buying an additional 1,783,589 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Dollar Tree by 10,470.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,545,431 shares of the company’s stock worth $150,215,000 after buying an additional 1,530,811 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.