Evercore ISI Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $142.00

Dollar Tree (NASDAQ:DLTR) had its price objective cut by analysts at Evercore ISI from $144.00 to $142.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 14.75% from the company’s current price.

DLTR has been the subject of a number of other reports. Piper Sandler reduced their target price on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group decreased their target price on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Wells Fargo & Company upped their price target on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, BMO Capital Markets dropped their target price on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Stock Down 0.2 %

DLTR opened at $123.75 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree has a twelve month low of $102.77 and a twelve month high of $161.10. The company has a market cap of $26.98 billion, a PE ratio of -26.79, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90. The company has a 50-day moving average price of $136.79 and a 200 day moving average price of $128.26.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. Dollar Tree’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.04 EPS. Sell-side analysts expect that Dollar Tree will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Institutional Trading of Dollar Tree

A number of large investors have recently modified their holdings of DLTR. Main Street Group LTD purchased a new stake in Dollar Tree during the 4th quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $26,000. United Community Bank purchased a new position in Dollar Tree in the fourth quarter worth approximately $27,000. Register Financial Advisors LLC acquired a new position in Dollar Tree during the 1st quarter worth approximately $28,000. Finally, Farther Finance Advisors LLC increased its position in shares of Dollar Tree by 111.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after purchasing an additional 120 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.