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

Dollar Tree (NASDAQ:DLTR) had its price target lowered by Evercore ISI from $144.00 to $142.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research firms have also recently weighed in on DLTR. JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $144.00 to $152.00 and gave the company an overweight rating in a report on Monday, April 15th. StockNews.com raised shares of Dollar Tree from a sell rating to a hold rating in a research note on Wednesday, March 27th. Guggenheim lifted their price target on Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Truist Financial reduced their price objective on Dollar Tree from $149.00 to $147.00 and set a buy rating for the company in a research report on Thursday, March 14th. Finally, Jefferies Financial Group dropped their target price on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $150.05.

Dollar Tree Price Performance

DLTR opened at $122.03 on Tuesday. The stock has a market cap of $26.60 billion, a P/E ratio of -26.41, a P/E/G ratio of 1.17 and a beta of 0.90. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $161.10. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $136.07 and a 200 day simple moving average of $128.34.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter last year, the company earned $2.04 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts expect that Dollar Tree will post 6.91 EPS for the current year.

Insider Buying and Selling at Dollar Tree

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

Institutional Trading of Dollar Tree

Several institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD bought a new stake in shares of Dollar Tree in the fourth quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new stake in Dollar Tree in the 4th quarter valued at about $27,000. United Community Bank bought a new stake in Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree during the 1st quarter worth approximately $28,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Dollar Tree by 111.1% during the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares during the period. 97.40% of the stock is currently owned by institutional investors.

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.