TipRanksStock Market NewsDLTR NewsJ.P. Morgan Maintains Their Buy Rating on Dollar Tree (DLTR)

J.P. Morgan Maintains Their Buy Rating on Dollar Tree (DLTR)

In a report issued on June 3, Matthew Boss from J.P. Morgan maintained a Buy rating on Dollar Tree (DLTRResearch Report), with a price target of $194.00. The company’s shares closed last Friday at $156.00.

According to TipRanks.com, Boss is a 3-star analyst with an average return of 1.3% and a 48.4% success rate. Boss covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Brilliant Earth Group, and Lululemon Athletica.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollar Tree with a $171.58 average price target, which is an 8.8% upside from current levels. In a report issued on May 27, BMO Capital also reiterated a Buy rating on the stock with a $187.00 price target.

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Based on Dollar Tree’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $6.9 billion and net profit of $536 million. In comparison, last year the company earned revenue of $6.48 billion and had a net profit of $375 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.

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Dollar Tree, Inc. is a discount variety retail store operator that sells items for $1 or less. The company operates over 15,000 stores in the United States and Canada under the Dollar Tree and Family Dollar brands. It offers a wide range of quality everyday general merchandise in several categories, including candy and food, housewares, seasonal goods, health and beauty care, stationery, books, personal accessories, toys, gifts, party goods, and other consumer items.

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