Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $160.00 at Evercore ISI

Dollar Tree (NASDAQ:DLTRGet Rating) had its price target cut by equities researchers at Evercore ISI from $170.00 to $160.00 in a report issued on Wednesday, The Fly reports. Evercore ISI’s price target points to a potential upside of 6.57% from the company’s current price.

Several other equities analysts have also weighed in on DLTR. Truist Financial cut their target price on Dollar Tree from $178.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. TheStreet upgraded shares of Dollar Tree from a “c+” rating to a “b-” rating in a report on Monday, October 31st. UBS Group boosted their price target on shares of Dollar Tree from $171.00 to $177.00 in a report on Wednesday. OTR Global raised Dollar Tree from a “mixed” rating to a “positive” rating in a research note on Wednesday, November 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $171.00 to $176.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.13.

Dollar Tree Price Performance

Shares of DLTR stock opened at $150.14 on Wednesday. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.73. Dollar Tree has a 12 month low of $123.62 and a 12 month high of $177.19. The company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $148.69 and a 200 day moving average price of $153.94.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. Dollar Tree’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. Research analysts expect that Dollar Tree will post 7.2 EPS for the current year.

Hedge Funds Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dollar Tree by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 24,419,973 shares of the company’s stock worth $3,910,859,000 after purchasing an additional 451,972 shares during the last quarter. KBC Group NV lifted its position in shares of Dollar Tree by 5.4% in the first quarter. KBC Group NV now owns 14,517 shares of the company’s stock valued at $2,325,000 after buying an additional 745 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in shares of Dollar Tree by 23.2% during the 2nd quarter. Zions Bancorporation N.A. now owns 3,350 shares of the company’s stock worth $522,000 after acquiring an additional 630 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Dollar Tree by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 316,501 shares of the company’s stock worth $50,687,000 after acquiring an additional 4,509 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in Dollar Tree in the 1st quarter valued at $138,000. 95.04% of the stock is owned by institutional investors.

About Dollar Tree

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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