Evercore ISI Raises Dollar Tree (NASDAQ:DLTR) Price Target to $105.00

Key Points

• Evercore ISI has raised its price target for Dollar Tree from $90.00 to $105.00, indicating a potential upside of 10.36% from the stock's previous close.
• Dollar Tree's stock is currently down 0.9%, trading at $95.15, with a market cap of $19.41 billion and recent quarterly earnings exceeding analyst estimates.
• The company has initiated a $2.50 billion stock buyback plan, signaling the board's belief that the stock is undervalued.

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price objective boosted by research analysts at Evercore ISI from $90.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "in-line" rating on the stock. Evercore ISI's target price indicates a potential upside of 10.36% from the stock's previous close.

A number of other analysts have also commented on the company. BNP Paribas lowered Dollar Tree from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. New Street Research set a $103.00 target price on Dollar Tree in a report on Thursday. Gordon Haskett lowered Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 target price for the company. in a report on Wednesday, September 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Dollar Tree in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group restated an "underperform" rating and issued a $70.00 price target (down from $110.00) on shares of Dollar Tree in a research note on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $109.00.

Dollar Tree Stock Down 0.9%

DLTR stock traded down $0.82 on Thursday, reaching $95.15. 1,185,665 shares of the company traded hands, compared to its average volume of 4,332,392. Dollar Tree has a one year low of $60.49 and a one year high of $118.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The company has a market cap of $19.41 billion, a P/E ratio of -7.00, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. The firm has a fifty day simple moving average of $101.62 and a 200-day simple moving average of $95.76.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

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

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction 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. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.60% of the company's stock.

Institutional Trading of Dollar Tree

Several hedge funds have recently bought and sold shares of the stock. LBP AM SA bought a new position in shares of Dollar Tree in the second quarter worth about $7,742,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Dollar Tree by 50.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock worth $1,030,000 after buying an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. lifted its position in shares of Dollar Tree by 13.2% in the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock worth $5,149,000 after buying an additional 8,015 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Dollar Tree by 7.5% in the second quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company's stock worth $3,766,000 after buying an additional 2,666 shares in the last quarter. Finally, Bastion Asset Management Inc. purchased a new stake in shares of Dollar Tree in the first quarter worth about $3,585,000. 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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