Dollar Tree (NASDAQ:DLTR)‘s stock had its “buy” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, American Banking News reports. They currently have a $63.00 price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 6.92% from the company’s current price.
Shares of Dollar Tree (NASDAQ:DLTR) traded down 4.97% on Thursday, hitting $55.99. 4,652,447 shares of the company’s stock traded hands. Dollar Tree has a one year low of $37.47 and a one year high of $60.19. The stock has a 50-day moving average of $58.90 and a 200-day moving average of $54.03. The company has a market cap of $12.486 billion and a P/E ratio of 20.82.
Dollar Tree (NASDAQ:DLTR) last released its earnings data on Thursday, November 21st. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company posted $0.51 earnings per share. Dollar Tree’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post $2.82 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DLTR. Analysts at Canaccord Genuity cut their price target on shares of Dollar Tree from $52.00 to $48.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Dollar Tree in a research note to investors on Wednesday, September 25th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Wedbush raised their price target on shares of Dollar Tree from $60.00 to $63.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.67.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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