Dollar Tree (NASDAQ:DLTR) Given New $104.00 Price Target at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its target price upped by analysts at Evercore ISI from $100.00 to $104.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 1.15% from the stock’s previous close.

Several other analysts also recently commented on the stock. Piper Sandler dropped their target price on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Morgan Stanley boosted their price target on Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. New Street Research set a $103.00 price objective on shares of Dollar Tree in a report on Thursday, October 16th. Citigroup lowered their target price on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $110.21.

Dollar Tree Trading Down 1.0%

Dollar Tree stock traded down $1.08 during mid-day trading on Tuesday, hitting $105.21. 151,509 shares of the company’s stock were exchanged, compared to its average volume of 4,278,524. The firm has a market capitalization of $21.46 billion, a P/E ratio of -7.78, a PEG ratio of 1.75 and a beta of 0.86. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company’s 50 day simple moving average is $97.19 and its 200-day simple moving average is $99.53.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director directly owned 4,089 shares of the company’s stock, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $94.70, for a total value of $119,322.00. Following the sale, the insider owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently modified their holdings of the company. TD Private Client Wealth LLC increased its stake in shares of Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after buying an additional 164 shares during the period. Brooklyn Investment Group grew its stake in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after purchasing an additional 158 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Dollar Tree in the third quarter valued at $29,000. Zions Bancorporation National Association UT bought a new position in Dollar Tree during the 1st quarter worth $30,000. Finally, True Wealth Design LLC lifted its holdings in Dollar Tree by 372.5% during the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds 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.