Evercore ISI Increases Dollar Tree (NASDAQ:DLTR) Price Target to $137.00

Dollar Tree (NASDAQ:DLTR) had its target price upped by Evercore ISI from $136.00 to $137.00 in a report published on Thursday morning, Benzinga reports. They currently have an in-line rating on the stock.

DLTR has been the topic of a number of other reports. Wells Fargo & Company decreased their target price on Dollar Tree from $180.00 to $160.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. Jefferies Financial Group decreased their target price on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Citigroup cut Dollar Tree from a buy rating to a neutral rating and cut their price target for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Oppenheimer reissued a market perform rating on shares of Dollar Tree in a report on Monday, March 4th. Finally, TheStreet cut Dollar Tree from a b- rating to a c rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $143.45.

Dollar Tree Stock Up 0.3 %

Dollar Tree stock opened at $107.58 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree has a 1-year low of $102.77 and a 1-year high of $154.96. The company has a market cap of $23.12 billion, a PE ratio of -23.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90. The stock’s 50 day moving average price is $116.92 and its 200 day moving average price is $129.36.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. On average, sell-side analysts predict that Dollar Tree will post 6.68 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, 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 filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Dollar Tree by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after acquiring an additional 110 shares during the last quarter. Cetera Advisors LLC increased its stake in Dollar Tree by 119.7% during the first quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock worth $431,000 after acquiring an additional 1,762 shares during the last quarter. Cetera Investment Advisers increased its stake in Dollar Tree by 203.5% during the first quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock worth $1,677,000 after acquiring an additional 8,446 shares during the last quarter. Burney Co. increased its stake in Dollar Tree by 1.4% during the first quarter. Burney Co. now owns 9,598 shares of the company’s stock worth $1,278,000 after acquiring an additional 131 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Dollar Tree by 27.6% during the first quarter. Atria Investments Inc now owns 14,032 shares of the company’s stock worth $1,868,000 after acquiring an additional 3,031 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.