Dollar Tree (NASDAQ:DLTR) Price Target Cut to $142.00 by Analysts at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its target price lowered by Evercore ISI from $144.00 to $142.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

A number of other equities analysts have also recently weighed in on DLTR. Oppenheimer restated a market perform rating on shares of Dollar Tree in a research report on Monday, March 4th. Telsey Advisory Group restated an outperform rating and set a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Jefferies Financial Group reduced their target price on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the company an overweight rating in a research report on Monday. Finally, BMO Capital Markets reduced their target price on shares of Dollar Tree from $170.00 to $160.00 and set an outperform rating for the company in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $150.05.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $124.06 on Tuesday. The company’s fifty day moving average price is $137.11 and its 200 day moving average price is $128.29. Dollar Tree has a 1 year low of $102.77 and a 1 year high of $161.10. The company has a market capitalization of $27.04 billion, a PE ratio of -26.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company posted $2.04 earnings per share. On average, research analysts predict that Dollar Tree will post 6.91 earnings per share for the current year.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jeffrey A. Davis bought 1,800 shares of the stock in a transaction on Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DLTR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Dollar Tree in the third quarter valued at approximately $26,000. Main Street Group LTD purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $26,000. United Community Bank purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $27,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Dollar Tree in the first quarter valued at approximately $28,000. Hedge funds and other 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.