Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $78.00 at JPMorgan Chase & Co.

Dollar Tree (NASDAQ:DLTR) had its target price reduced by JPMorgan Chase & Co. from $88.00 to $78.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

DLTR has been the topic of several other research reports. BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. UBS Group decreased their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Telsey Advisory Group boosted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.68.

Dollar Tree Stock Up 11.2 %

Shares of NASDAQ DLTR opened at $76.95 on Thursday. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $137.14. The firm’s 50-day moving average is $71.15 and its 200-day moving average is $70.18. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $16.54 billion, a PE ratio of -16.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.55 earnings per share. Equities analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Institutional Trading of Dollar Tree

A number of institutional investors have recently made changes to their positions in DLTR. Quest Partners LLC grew its position in Dollar Tree by 28.3% in the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after purchasing an additional 442 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Dollar Tree by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after acquiring an additional 10,681 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Dollar Tree by 9.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 41,216 shares of the company’s stock valued at $2,898,000 after acquiring an additional 3,680 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Dollar Tree in the third quarter valued at about $48,000. Finally, Townsquare Capital LLC raised its holdings in Dollar Tree by 5.6% during the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock worth $1,226,000 after acquiring an additional 931 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.