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

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

Other equities research analysts have also issued research reports about the company. Telsey Advisory Group restated an outperform rating and set a $160.00 price objective on shares of Dollar Tree in a research note on Thursday, March 14th. Oppenheimer restated a market perform rating on shares of Dollar Tree in a research note on Monday, March 4th. Loop Capital reduced their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, March 14th. Truist Financial decreased their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a buy rating for the company in a report on Thursday, March 14th. Finally, Guggenheim increased their price target on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $150.05.

Dollar Tree Trading Down 1.2 %

DLTR opened at $122.23 on Tuesday. The firm’s 50 day moving average is $136.42 and its 200-day moving average is $128.22. Dollar Tree has a 52-week low of $102.77 and a 52-week 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 firm has a market capitalization of $26.64 billion, a P/E ratio of -26.46, a P/E/G ratio of 1.17 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last released 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). The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $2.04 EPS. Analysts expect that Dollar Tree will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey A. Davis bought 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 of the company’s stock, valued at approximately $2,590,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel J. Heinrich purchased 1,000 shares of the stock in a transaction dated Monday, March 18th. The shares were acquired 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 directly owns 6,225 shares of the company’s stock, valued at approximately $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

A number of institutional investors have recently made changes to their positions in DLTR. Citizens Business Bank bought a new stake in Dollar Tree during the first quarter worth approximately $2,791,000. Norris Perne & French LLP MI increased its position in shares of Dollar Tree by 1.9% during the 1st quarter. Norris Perne & French LLP MI now owns 135,676 shares of the company’s stock valued at $18,065,000 after purchasing an additional 2,507 shares during the period. Register Financial Advisors LLC bought a new stake in shares of Dollar Tree in the 1st quarter worth $28,000. Indiana Trust & Investment Management CO lifted its holdings in shares of Dollar Tree by 168.4% in the first quarter. Indiana Trust & Investment Management CO now owns 416 shares of the company’s stock valued at $55,000 after buying an additional 261 shares during the period. Finally, Cardinal Capital Management boosted its stake in Dollar Tree by 13.9% during the first quarter. Cardinal Capital Management now owns 39,449 shares of the company’s stock valued at $5,253,000 after buying an additional 4,828 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.