Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, Evercore ISI Analyst Says

Dollar Tree (NASDAQ:DLTR - Free Report) had its target price upped by Evercore ISI from $86.00 to $92.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an in-line rating on the stock.

DLTR has been the subject of a number of other reports. Guggenheim reissued a "buy" rating and issued a $100.00 target price (up from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Cfra Research raised Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Wells Fargo & Company raised their target price on shares of Dollar Tree from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Finally, Truist Financial lifted their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a report on Monday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $90.26.

Dollar Tree Stock Up 9.1%

DLTR traded up $8.05 on Thursday, hitting $96.67. 11,800,696 shares of the company were exchanged, compared to its average volume of 4,186,588. The company has a market cap of $20.79 billion, a price-to-earnings ratio of -20.27, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $82.10 and a two-hundred day moving average price of $75.13. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $115.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. On average, equities analysts predict that Dollar Tree will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the period. Bessemer Group Inc. grew its holdings in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares during the last quarter. Brooklyn Investment Group grew its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after buying an additional 158 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree during the 1st quarter valued at $30,000. Finally, Parkside Financial Bank & Trust grew its holdings in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds 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.