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

Dollar Tree (NASDAQ:DLTR) had its price target dropped by research analysts at Evercore ISI from $105.00 to $100.00 in a research note issued to 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 49.68% from the stock’s previous close.

Several other equities research analysts also recently weighed in on DLTR. JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $111.00 to $70.00 in a report on Wednesday, September 4th. Sanford C. Bernstein assumed coverage on Dollar Tree in a research report on Tuesday. They set a “market perform” rating and a $76.00 target price for the company. KeyCorp lowered their target price on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Barclays lowered their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, UBS Group lowered their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $88.53.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded down $0.50 during mid-day trading on Tuesday, hitting $66.81. 1,059,237 shares of the stock traded hands, compared to its average volume of 3,181,338. 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 has a twelve month low of $60.81 and a twelve month high of $151.21. The company has a market cap of $14.36 billion, a PE ratio of -14.56, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. The firm has a 50 day simple moving average of $77.24 and a two-hundred day simple moving average of $99.89.

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

Insider Buying and Selling

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC grew its holdings in shares of Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after acquiring an additional 93 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in shares of Dollar Tree by 27.0% in the first quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock valued at $66,000 after acquiring an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after acquiring an additional 110 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Dollar Tree by 2.1% in the second quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock valued at $603,000 after acquiring an additional 116 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of Dollar Tree by 2.5% in the second quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock valued at $533,000 after acquiring an additional 124 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

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.