Dollar Tree (NASDAQ:DLTR) Price Target Raised to $85.00

Dollar Tree (NASDAQ:DLTR) had its price target lifted by Evercore ISI from $79.00 to $85.00 in a research report released on Thursday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other research analysts have also recently commented on the stock. Piper Sandler restated a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial lowered their price target on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. UBS Group cut their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Loop Capital upped their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Stock Performance

DLTR opened at $72.75 on Thursday. The stock’s 50 day simple moving average is $71.17 and its 200-day simple moving average is $70.25. 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 stock has a market cap of $15.65 billion, a PE ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $137.14.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $2.55 EPS. Sell-side analysts forecast that Dollar Tree will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree during the fourth quarter worth $520,000. Empower Advisory Group LLC increased its position in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after purchasing an additional 100,676 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in Dollar Tree during the 4th quarter worth about $448,000. Entropy Technologies LP acquired a new position in Dollar Tree during the 4th quarter valued at about $2,173,000. Finally, Alberta Investment Management Corp boosted its stake in shares of Dollar Tree by 253.2% in the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after purchasing an additional 67,100 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.