JPMorgan Chase & Co. Issues Pessimistic Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its target price dropped by JPMorgan Chase & Co. from $88.00 to $78.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.22% from the stock’s current price.

DLTR has been the topic of a number of other research reports. Truist Financial decreased their target price on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday. Evercore ISI lifted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research note on Thursday. Jefferies Financial Group increased their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lowered their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average target price of $83.42.

Dollar Tree Trading Down 5.5 %

Shares of DLTR stock opened at $72.75 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market cap of $15.64 billion, a price-to-earnings ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $137.14. The firm has a fifty day moving average price of $71.17 and a 200-day moving average price of $70.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $2.55 earnings per share. As a group, equities analysts predict that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC lifted its stake in shares of Dollar Tree by 28.3% in the 3rd quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after purchasing an additional 442 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dollar Tree by 0.9% during 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 buying an additional 10,681 shares during the period. Daiwa Securities Group Inc. lifted its position in Dollar Tree by 9.8% in the third quarter. Daiwa Securities Group Inc. now owns 41,216 shares of the company’s stock worth $2,898,000 after buying an additional 3,680 shares during the last quarter. Brooklyn Investment Group purchased a new position in Dollar Tree during the third quarter worth $48,000. Finally, Townsquare Capital LLC increased its position in Dollar Tree by 5.6% during the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after acquiring an additional 931 shares during the last quarter. Hedge funds and other 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.