Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, Evercore ISI Analyst Says

Dollar Tree (NASDAQ:DLTR) had its price objective increased by equities researchers at Evercore ISI from $79.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 16.84% from the stock’s previous close.

DLTR has been the subject of a number of other reports. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Loop Capital increased their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Truist Financial reduced their target price on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.42.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $72.75 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $137.14. The firm’s 50 day moving average is $71.17 and its two-hundred day moving average is $70.21. The firm has a market capitalization of $15.64 billion, a P/E ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business earned $2.55 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Research analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after purchasing an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock valued at $743,461,000 after buying an additional 533,920 shares in the last quarter. State Street Corp raised its stake in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the last quarter. Capital International Investors boosted its position in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its position in shares of Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after buying an additional 1,000,637 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.