Dollar Tree (NASDAQ:DLTR) PT Lowered to $142.00

Dollar Tree (NASDAQ:DLTR - Free Report) had its price target decreased by Evercore ISI from $144.00 to $142.00 in a research note published on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other brokerages also recently issued reports on DLTR. Loop Capital cut their target price on shares of Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a research note on Thursday, March 14th. Guggenheim raised their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Jefferies Financial Group cut their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Gordon Haskett downgraded shares of Dollar Tree from a buy rating to a hold rating and cut their price objective for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an overweight rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of Moderate Buy and a consensus price target of $150.05.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $1.30 during mid-day trading on Tuesday, hitting $124.06. The stock had a trading volume of 1,936,719 shares, compared to its average volume of 2,852,285. Dollar Tree has a twelve month low of $102.77 and a twelve month high of $161.10. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of -26.85, a PEG ratio of 1.18 and a beta of 0.90. The company's 50 day simple moving average is $137.11 and its 200 day simple moving average is $128.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the business posted $2.04 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree will post 6.91 earnings per share for the current year.

Insider Activity at Dollar Tree

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Daniel J. Heinrich bought 1,000 shares of the firm's stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey A. Davis bought 1,800 shares of the firm's stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of Dollar Tree during the fourth quarter worth $15,638,000. DAVENPORT & Co LLC lifted its holdings in shares of Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company's stock worth $4,443,000 after purchasing an additional 19,019 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Dollar Tree during the fourth quarter worth $4,247,000. Premier Path Wealth Partners LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $211,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Dollar Tree by 97.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company's stock worth $834,000 after purchasing an additional 2,893 shares during the period. 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.