Dollar Tree (NASDAQ:DLTR) Price Target Cut to $100.00 by Analysts at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its target price trimmed by Evercore ISI from $105.00 to $100.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the stock.

A number of other brokerages have also recently issued reports on DLTR. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Barclays lowered their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company decreased their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. KeyCorp dropped their price objective on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Piper Sandler lowered their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $88.53.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $66.45 on Tuesday. The business has a 50-day simple moving average of $75.60 and a 200 day simple moving average of $98.99. Dollar Tree has a one year low of $60.81 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of -14.48, a PEG ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the company earned $0.91 earnings per share. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DLTR. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree during the first quarter worth $28,000. Mather Group LLC. lifted its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the 2nd quarter worth about $37,000. Indiana Trust & Investment Management CO grew its holdings in Dollar Tree by 168.4% during the 1st 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 in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 274 shares during the period. 97.40% of the stock is 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.