Dollar Tree (NASDAQ:DLTR) PT Lowered to $100.00

Dollar Tree (NASDAQ:DLTR) had its target price lowered by research analysts at Evercore ISI from $105.00 to $100.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price suggests a potential upside of 51.22% from the company’s current price.

Other research analysts have also issued reports about the company. Melius Research assumed coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 target price on the stock. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Guggenheim dropped their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price target for the company from $111.00 to $70.00 in a research note on Wednesday, September 4th. Finally, Piper Sandler lowered their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Dollar Tree 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 $66.13 on Tuesday. The company has a market capitalization of $14.21 billion, a PE ratio of -14.41, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a 50-day simple moving average of $76.21 and a two-hundred day simple moving average of $99.21. 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 quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Research analysts expect that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction on 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 acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dollar Tree

Institutional investors and hedge funds have recently modified their holdings of the business. Register Financial Advisors LLC acquired a new stake in Dollar Tree in the first quarter valued at approximately $28,000. Mather Group LLC. grew its stake in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree in the 2nd quarter worth $37,000. Indiana Trust & Investment Management CO raised its position in Dollar Tree by 168.4% during the first quarter. Indiana Trust & Investment Management CO now owns 416 shares of the company’s stock worth $55,000 after acquiring an additional 261 shares during the period. Finally, Blue Trust Inc. lifted its holdings in 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 purchasing an additional 274 shares in the last quarter. Hedge funds and other institutional investors 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.