Dollar Tree (NASDAQ:DLTR) Given New $142.00 Price Target at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its target price lowered by investment analysts at Evercore ISI from $144.00 to $142.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price indicates a potential upside of 14.75% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a research note on Thursday, March 14th. BMO Capital Markets cut their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. Guggenheim lifted their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Truist Financial lowered their price target on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $123.75 on Tuesday. The firm has a market capitalization of $26.98 billion, a price-to-earnings 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 has a one year low of $102.77 and a one year high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

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

Insider Buying and Selling at Dollar Tree

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

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently added to or reduced their stakes in the company. Mantle Ridge LP raised its holdings in shares of Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Capital International Investors raised its stake in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after acquiring an additional 2,445,827 shares during the period. Norges Bank bought a new position in Dollar Tree in the fourth quarter worth about $333,373,000. Morgan Stanley boosted its stake in Dollar Tree by 95.9% in the fourth quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after acquiring an additional 2,145,910 shares during the period. Finally, FIL Ltd grew its holdings in shares of Dollar Tree by 96.0% during the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

About Dollar Tree

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.