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

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

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Loop Capital increased their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday. Finally, Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $83.42.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $72.75 on Thursday. The company has a fifty day moving average of $71.17 and a two-hundred day moving average of $70.25. The company has a market capitalization of $15.65 billion, a PE ratio of -15.25, a P/E/G 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 company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last posted 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 firm had revenue of $5 billion during 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%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.55 earnings per share. As a group, analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Trading of Dollar Tree

Several large investors have recently bought and sold shares of DLTR. Wellington Management Group LLP grew its stake in Dollar Tree by 155.7% in the 4th quarter. Wellington Management Group LLP now owns 77,886 shares of the company’s stock valued at $5,837,000 after acquiring an additional 47,427 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Dollar Tree by 21.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company’s stock valued at $682,000 after purchasing an additional 1,588 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $8,315,000. Polar Asset Management Partners Inc. raised its position in shares of Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock worth $8,034,000 after purchasing an additional 53,600 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in Dollar Tree in the 4th quarter valued at approximately $340,000. Institutional investors and hedge funds 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.