Dollar Tree (NASDAQ:DLTR) Downgraded by JPMorgan Chase & Co.

Dollar Tree (NASDAQ:DLTR) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat reports. They presently have a $70.00 price target on the stock, down from their prior price target of $111.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 2.23% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Wells Fargo & Company dropped their price objective on Dollar Tree from $160.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Telsey Advisory Group decreased their target price on Dollar Tree from $155.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Evercore ISI increased their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Finally, Citigroup downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $97.63.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $68.47 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The company has a market cap of $14.72 billion, a price-to-earnings ratio of -14.92, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The stock’s 50-day moving average is $98.65 and its two-hundred day moving average is $115.69. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that Dollar Tree will post 6.46 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dollar Tree

A number of large investors have recently modified their holdings of DLTR. Capital World Investors grew its holdings in Dollar Tree by 2.8% during the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after acquiring an additional 487,180 shares during the period. Capital International Investors grew its stake in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. FIL Ltd increased its holdings in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after buying an additional 73,588 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the period. 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.