Dollar Tree (NASDAQ:DLTR) PT Lowered to $142.00 at Evercore ISI

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

Several other brokerages have also recently issued reports on DLTR. Oppenheimer reiterated a market perform rating on shares of Dollar Tree in a research note on Monday, March 4th. Truist Financial reduced their price target on Dollar Tree from $149.00 to $147.00 and set a buy rating on the stock in a research report on Thursday, March 14th. Jefferies Financial Group lowered their price objective on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Gordon Haskett downgraded shares of Dollar Tree from a buy rating to a hold rating and decreased their price target for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, Loop Capital lowered their price target on shares of Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a report on Thursday, March 14th. One 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 company has an average rating of Moderate Buy and a consensus target price of $150.05.

Dollar Tree Stock Down 1.2 %

Shares of NASDAQ:DLTR opened at $122.23 on Tuesday. The firm has a market capitalization of $26.64 billion, a PE ratio of -26.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90. Dollar Tree has a 1 year low of $102.77 and a 1 year high of $161.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The firm’s 50-day moving average is $136.42 and its two-hundred day moving average is $128.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The business had revenue of $8.63 billion during 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%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 EPS. Analysts predict that Dollar Tree will post 6.91 EPS for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now 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 accessible through the SEC website. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 cost of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by insiders.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently made changes to their positions in the company. Main Street Group LTD purchased a new stake in Dollar Tree in the 4th quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $26,000. United Community Bank acquired a new position in Dollar Tree during the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree in the first quarter worth $28,000. Finally, Farther Finance Advisors LLC lifted its holdings in Dollar Tree by 111.1% in the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.