Evercore ISI Increases Dollar Tree (NASDAQ:DLTR) Price Target to $85.00

Dollar Tree (NASDAQ:DLTR) had its target price lifted by stock analysts at Evercore ISI from $79.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential upside of 11.30% from the stock’s current price.

A number of other analysts also recently weighed in on DLTR. UBS Group reduced their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Guggenheim decreased their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. BMO Capital Markets lifted their target price 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. Wells Fargo & Company cut their price target on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average target price of $83.89.

Dollar Tree Trading Up 10.3 %

DLTR stock traded up $7.16 during trading on Thursday, reaching $76.37. The company had a trading volume of 5,112,328 shares, compared to its average volume of 3,462,248. The business has a 50 day moving average of $71.03 and a 200 day moving average of $70.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market cap of $16.42 billion, a P/E ratio of -15.92, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $137.14.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its position in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock worth $68,000 after acquiring an additional 157 shares during the period. Checchi Capital Advisers LLC increased its position in Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after acquiring an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the period. Finally, Metis Global Partners LLC boosted its position in Dollar Tree by 3.4% in the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock worth $508,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.