Dollar Tree (NASDAQ:DLTR) Price Target Increased to $152.00 by Analysts at JPMorgan Chase & Co.

Dollar Tree (NASDAQ:DLTR - Free Report) had its price objective upped by JPMorgan Chase & Co. from $144.00 to $152.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Evercore ISI boosted their target price on shares of Dollar Tree from $144.00 to $145.00 and gave the company an in-line rating in a research report on Tuesday, April 2nd. StockNews.com upgraded Dollar Tree from a sell rating to a hold rating in a research note on Wednesday, March 27th. Oppenheimer reaffirmed a market perform rating on shares of Dollar Tree in a research note on Monday, March 4th. Piper Sandler lowered their target price on Dollar Tree from $171.00 to $168.00 and set an overweight rating for the company in a research note on Thursday, March 14th. Finally, Truist Financial reduced their price target on shares of Dollar Tree from $149.00 to $147.00 and set a buy rating on the stock in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $150.20.

Dollar Tree Stock Performance

NASDAQ:DLTR traded up $0.17 during mid-day trading on Monday, reaching $125.36. 2,201,764 shares of the company's stock were exchanged, compared to its average volume of 2,865,000. Dollar Tree has a one year low of $102.77 and a one year high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The business's fifty day simple moving average is $137.62 and its two-hundred day simple moving average is $128.04. The firm has a market capitalization of $27.33 billion, a PE ratio of -27.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. Dollar Tree's revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $2.04 EPS. Analysts anticipate that Dollar Tree will post 6.91 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

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

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently modified their holdings of the stock. SVB Wealth LLC raised its stake in shares of Dollar Tree by 2.4% during the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company's stock valued at $414,000 after purchasing an additional 62 shares during the period. NBC Securities Inc. raised its holdings in shares of Dollar Tree by 7.1% in the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company's stock valued at $163,000 after acquiring an additional 76 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in shares of Dollar Tree by 1.2% during the 4th quarter. Cetera Advisor Networks LLC now owns 6,721 shares of the company's stock valued at $955,000 after acquiring an additional 79 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Dollar Tree by 0.5% during the third quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company's stock worth $2,483,000 after purchasing an additional 82 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Dollar Tree by 26.4% during the 4th quarter. Harbour Investments Inc. now owns 416 shares of the company's stock valued at $59,000 after purchasing an additional 87 shares during the last quarter. 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.