Dollar Tree (NASDAQ:DLTR – Get Free Report) had its price objective dropped by analysts at Evercore ISI from $108.00 to $105.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 9.49% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. BNP Paribas cut shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. The Goldman Sachs Group cut shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, June 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 target price on shares of Dollar Tree in a research note on Thursday, September 4th. Citigroup reduced their target price on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Finally, Bank of America increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $111.29.
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Dollar Tree Stock Up 1.3%
DLTR stock opened at $95.90 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $118.06. The company has a 50-day moving average of $108.42 and a two-hundred day moving average of $93.27. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of -7.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities research analysts anticipate that Dollar Tree will post 5.39 EPS for the current year.
Dollar Tree declared that its Board of Directors has approved a share buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling
In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The shares were 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.60% of the company’s stock.
Institutional Trading of Dollar Tree
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Dollar Tree by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock worth $1,789,648,000 after acquiring an additional 389,490 shares during the period. EdgePoint Investment Group Inc. grew its holdings in Dollar Tree by 12.3% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock worth $1,072,187,000 after acquiring an additional 1,184,294 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Dollar Tree by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock worth $750,323,000 after acquiring an additional 74,230 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Dollar Tree by 69.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock worth $439,025,000 after acquiring an additional 2,400,586 shares during the period. Finally, Primecap Management Co. CA grew its holdings in Dollar Tree by 0.3% during the 2nd quarter. Primecap Management Co. CA now owns 3,925,510 shares of the company’s stock worth $388,783,000 after acquiring an additional 12,675 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.
Dollar Tree Company Profile
(Get Free Report)
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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