Dollar Tree (NASDAQ:DLTR) Given New $150.00 Price Target at Evercore ISI

Dollar Tree (NASDAQ:DLTR) had its price target lifted by Evercore ISI from $125.00 to $150.00 in a research report sent to investors on Wednesday morning, The Fly reports. They currently have an in-line rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Dollar Tree from $97.00 to $155.00 and gave the stock a market perform rating in a research report on Wednesday. They noted that the move was a valuation call. TheStreet upgraded shares of Dollar Tree from a c+ rating to a b- rating in a research report on Friday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $131.00 to $169.00 and gave the stock an overweight rating in a research report on Wednesday. Bank of America upped their price objective on shares of Dollar Tree from $90.00 to $108.00 and gave the stock an underperform rating in a research report on Wednesday. Finally, KeyCorp lowered their price objective on shares of Dollar Tree from $125.00 to $116.00 and set an overweight rating for the company in a research report on Friday, August 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average price target of $137.50.

Shares of NASDAQ:DLTR opened at $146.61 on Wednesday. The firm has a 50 day moving average of $105.89 and a 200-day moving average of $102.03. The stock has a market capitalization of $32.97 billion, a PE ratio of 23.09, a PEG ratio of 2.99 and a beta of 0.81. The company has a current ratio of 1.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.46. Dollar Tree has a 12 month low of $84.26 and a 12 month high of $149.37.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Monday, November 22nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01. The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Dollar Tree had a net margin of 5.78% and a return on equity of 20.78%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. On average, research analysts predict that Dollar Tree will post 5.53 EPS for the current fiscal year.

Dollar Tree announced that its board has approved a share buyback plan on Wednesday, September 29th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 11.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, insider William A. Old, Jr. sold 16,267 shares of the company’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $125.46, for a total value of $2,040,857.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Veracity Capital LLC boosted its stake in Dollar Tree by 4.0% during the second quarter. Veracity Capital LLC now owns 2,547 shares of the company’s stock worth $253,000 after acquiring an additional 99 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Dollar Tree by 13.5% during the first quarter. Geneos Wealth Management Inc. now owns 842 shares of the company’s stock worth $96,000 after acquiring an additional 100 shares in the last quarter. Horrell Capital Management Inc. boosted its stake in Dollar Tree by 0.3% during the third quarter. Horrell Capital Management Inc. now owns 29,497 shares of the company’s stock worth $2,823,000 after acquiring an additional 100 shares in the last quarter. Meitav Dash Investments Ltd. boosted its stake in Dollar Tree by 1.4% during the third quarter. Meitav Dash Investments Ltd. now owns 7,200 shares of the company’s stock worth $714,000 after acquiring an additional 100 shares in the last quarter. Finally, Pointe Capital Management LLC boosted its stake in Dollar Tree by 3.9% during the second quarter. Pointe Capital Management LLC now owns 2,821 shares of the company’s stock worth $281,000 after acquiring an additional 106 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

About Dollar Tree

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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