Evercore ISI Issues Pessimistic Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its price target reduced by equities research analysts at Evercore ISI from $94.00 to $92.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target points to a potential upside of 24.61% from the stock’s current price.

DLTR has been the topic of several other reports. Truist Financial decreased their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Citigroup decreased their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. The Goldman Sachs Group decreased their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. UBS Group decreased their price target on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Barclays decreased their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $87.53.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $73.83 on Tuesday. Dollar Tree has a one year low of $60.49 and a one year high of $151.21. The company has a market cap of $15.87 billion, a P/E ratio of -15.13, a P/E/G ratio of 2.88 and a beta of 0.92. The firm’s fifty day moving average price is $67.59 and its two-hundred day moving average price is $87.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts expect that Dollar Tree will post 5.35 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the second quarter valued at approximately $26,000. Mather Group LLC. increased its stake in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Eastern Bank acquired a new position in shares of Dollar Tree in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree in the second quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.