Dollar Tree (NASDAQ:DLTR) PT Lowered to $78.00 at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its price objective trimmed by Evercore ISI from $128.00 to $78.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an in-line rating on the stock.

A number of other analysts also recently weighed in on the company. KeyCorp decreased their price objective on Dollar Tree from $145.00 to $84.00 and set an overweight rating for the company in a report on Thursday. Citigroup cut Dollar Tree from a buy rating to a neutral rating and decreased their price target for the company from $163.00 to $120.00 in a research note on Thursday, June 6th. Piper Sandler cut their price objective on Dollar Tree from $112.00 to $67.00 and set a neutral rating on the stock in a research note on Thursday. Truist Financial reduced their target price on Dollar Tree from $147.00 to $140.00 and set a buy rating on the stock in a report on Thursday, June 6th. Finally, UBS Group lowered their price target on shares of Dollar Tree from $170.00 to $155.00 and set a buy rating for the company in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $95.00.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $66.50 on Thursday. The stock’s 50-day moving average is $97.85 and its 200-day moving average is $114.94. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The stock has a market cap of $14.29 billion, a P/E ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Dollar Tree in the second quarter valued at approximately $779,000. New Wave Wealth Advisors LLC bought a new position in shares of Dollar Tree in the 2nd quarter worth $222,000. McGinn Penninger Investment Management Inc. lifted its holdings in shares of Dollar Tree by 0.5% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock worth $4,858,000 after purchasing an additional 210 shares in the last quarter. Point72 Asset Management L.P. grew its position in Dollar Tree by 165.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after purchasing an additional 640,848 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Dollar Tree by 101.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company’s stock valued at $316,000 after purchasing an additional 1,490 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.