Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $102.00 at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for Dollar Tree from $105.00 to $102.00, suggesting a potential upside of 19.64% from the stock's prior close.
• Dollar Tree reported $0.77 earnings per share for the last quarter, exceeding estimates, and had a revenue of $4.57 billion, up 12.3% year-over-year.
• The company has initiated a $2.50 billion stock repurchase plan, indicating management's belief that its stock is undervalued.

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price target reduced by research analysts at Evercore ISI from $105.00 to $102.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price target suggests a potential upside of 19.64% from the stock's previous close.

DLTR has been the topic of several other research reports. Gordon Haskett lowered shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective on the stock. in a research note on Wednesday, September 3rd. Telsey Advisory Group reissued an "outperform" rating and issued a $130.00 price target on shares of Dollar Tree in a research report on Thursday, September 4th. Truist Financial raised their price objective on Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Guggenheim lowered their price objective on Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, September 8th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and an average target price of $110.06.

Dollar Tree Stock Down 2.8%

Shares of DLTR stock traded down $2.42 during midday trading on Tuesday, reaching $85.26. 2,749,606 shares of the stock were exchanged, compared to its average volume of 4,261,366. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $118.06. The firm has a market cap of $17.39 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 1.64 and a beta of 0.85. The company's 50 day moving average is $105.05 and its two-hundred day moving average is $95.16. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion for 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 firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior 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 research analysts predict that Dollar Tree will post 5.39 EPS for the current year.

Dollar Tree declared that its board has initiated a stock repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director owned 4,089 shares of the company's stock, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.60% of the company's stock.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently bought and sold shares of DLTR. Price T Rowe Associates Inc. MD lifted its position in Dollar Tree by 69.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock valued at $439,025,000 after purchasing an additional 2,400,586 shares during the period. Alliancebernstein L.P. grew its position in Dollar Tree by 176.9% in the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company's stock worth $371,026,000 after purchasing an additional 2,393,172 shares during the period. Alyeska Investment Group L.P. raised its stake in Dollar Tree by 1,055.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company's stock valued at $174,327,000 after buying an additional 2,121,149 shares during the last quarter. Norges Bank bought a new position in shares of Dollar Tree during the 2nd quarter valued at $185,784,000. Finally, EdgePoint Investment Group Inc. boosted its stake in shares of Dollar Tree by 21.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company's stock worth $723,788,000 after buying an additional 1,701,344 shares during the last quarter. 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.

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