Evercore ISI Forecasts Strong Price Appreciation for Dollar Tree (NASDAQ:DLTR) Stock

Dollar Tree (NASDAQ:DLTR) had its price target increased by stock analysts at Evercore ISI from $79.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s target price suggests a potential upside of 16.84% from the company’s current price.

Several other research firms have also weighed in on DLTR. Wells Fargo & Company decreased their target price on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Telsey Advisory Group lifted their target price on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday. UBS Group lowered their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, BMO Capital Markets boosted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $83.42.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $72.75 on Thursday. Dollar Tree has a one year low of $60.49 and a one year high of $137.14. The stock has a market cap of $15.64 billion, a PE ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a 50 day moving average price of $71.17 and a 200 day moving average price of $70.21.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DLTR. Bessemer Group Inc. boosted its stake in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after buying an additional 346 shares during the period. Assetmark Inc. raised its holdings in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree in the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust lifted its stake in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. 97.40% of the stock is 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.