Dollar Tree (NASDAQ:DLTR) Given New $137.00 Price Target at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its target price lifted by Evercore ISI from $136.00 to $137.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an in-line rating on the stock.

Several other equities research analysts have also commented on the company. Truist Financial lowered their price objective on Dollar Tree from $147.00 to $140.00 and set a buy rating on the stock in a research report on Thursday, June 6th. KeyCorp raised Dollar Tree from a sector weight rating to an overweight rating and set a $150.00 target price for the company in a research note on Wednesday, May 1st. Jefferies Financial Group reduced their target price on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Gordon Haskett downgraded Dollar Tree from a buy rating to a hold rating and reduced their target price for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, Guggenheim upped their target price on Dollar Tree from $155.00 to $170.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $143.45.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $107.58 on Thursday. The business’s 50 day moving average price is $116.92 and its 200 day moving average price is $129.36. The firm has a market cap of $23.12 billion, a P/E ratio of -23.44, a P/E/G ratio of 1.14 and a beta of 0.90. Dollar Tree has a 52 week low of $102.77 and a 52 week high of $154.96. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

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

Insiders Place Their Bets

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction dated Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. Cetera Advisors LLC grew its holdings in shares of Dollar Tree by 119.7% during the 1st quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock worth $431,000 after purchasing an additional 1,762 shares during the period. Cetera Investment Advisers grew its holdings in shares of Dollar Tree by 203.5% during the 1st quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock worth $1,677,000 after purchasing an additional 8,446 shares during the period. Burney Co. grew its holdings in shares of Dollar Tree by 1.4% during the 1st quarter. Burney Co. now owns 9,598 shares of the company’s stock worth $1,278,000 after purchasing an additional 131 shares during the period. Finally, Atria Investments Inc grew its holdings in shares of Dollar Tree by 27.6% during the 1st quarter. Atria Investments Inc now owns 14,032 shares of the company’s stock worth $1,868,000 after purchasing an additional 3,031 shares during the period. 97.40% of the stock is currently owned by hedge funds and other 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.