Dollar Tree (NASDAQ:DLTR) Price Target Raised to $137.00

Dollar Tree (NASDAQ:DLTRFree Report) had its target price lifted by Evercore ISI from $136.00 to $137.00 in a research note released on Thursday, Benzinga reports. They currently have an in-line rating on the stock.

DLTR has been the topic of a number of other reports. Loop Capital reduced their target price on shares of Dollar Tree from $195.00 to $170.00 and set a buy rating on the stock in a research report on Thursday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $152.00 to $135.00 and set an overweight rating for the company in a research note on Thursday, June 6th. Telsey Advisory Group dropped their price target on shares of Dollar Tree from $160.00 to $155.00 and set an outperform rating for the company in a research note on Thursday, June 6th. TheStreet lowered shares of Dollar Tree from a b- rating to a c rating in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group dropped their price target on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $141.79.

Check Out Our Latest Research Report on DLTR

Dollar Tree Trading Down 0.7 %

Shares of DLTR stock opened at $106.87 on Thursday. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of -23.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. Dollar Tree has a fifty-two week low of $102.77 and a fifty-two week high of $154.96. The firm’s 50 day moving average price is $116.56 and its two-hundred day moving average price is $129.22.

Dollar Tree (NASDAQ:DLTRGet Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 earnings per share. On average, analysts anticipate that Dollar Tree will post 6.66 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction dated 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 acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

A number of institutional investors have recently made changes to their positions in the stock. Capital International Investors raised its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after acquiring an additional 2,445,827 shares in the last quarter. Norges Bank bought a new stake in Dollar Tree in the fourth quarter worth about $333,373,000. FIL Ltd raised its position in Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. National Bank of Canada FI raised its position in Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after acquiring an additional 977,313 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in Dollar Tree in the first quarter worth about $99,862,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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