Dollar Tree (NASDAQ:DLTR) Price Target Raised to $152.00

Dollar Tree (NASDAQ:DLTR) had its target price hoisted by JPMorgan Chase & Co. from $144.00 to $152.00 in a research report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also commented on the stock. Jefferies Financial Group dropped their price target on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Loop Capital lowered their price objective on Dollar Tree from $195.00 to $170.00 and set a buy rating on the stock in a report on Thursday, March 14th. StockNews.com upgraded shares of Dollar Tree from a sell rating to a hold rating in a research report on Wednesday, March 27th. Oppenheimer reiterated a market perform rating on shares of Dollar Tree in a report on Monday, March 4th. Finally, Guggenheim boosted their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $150.05.

Dollar Tree Stock Down 0.2 %

Shares of Dollar Tree stock opened at $123.75 on Monday. Dollar Tree has a 52-week low of $102.77 and a 52-week high of $161.10. The firm’s 50 day moving average price is $136.79 and its 200-day moving average price is $128.26. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market cap of $26.98 billion, a P/E ratio of -26.79, a PEG ratio of 1.18 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the previous year, the company posted $2.04 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree will post 6.91 EPS for the current fiscal year.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DLTR. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at $15,638,000. DAVENPORT & Co LLC increased its position in Dollar Tree by 155.2% in the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Dollar Tree during the 4th quarter worth about $4,247,000. Sequoia Financial Advisors LLC increased its holdings in Dollar Tree by 97.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after buying an additional 2,893 shares during the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in Dollar Tree in the fourth quarter worth approximately $211,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.