8 hours ago
Evercore ISI Reaffirms Their Hold Rating on Dollar Tree (DLTR)
In a report released yesterday, Michael Montani from Evercore ISI maintained a Hold rating on Dollar Tree (DLTR – Research Report), with a price target of $92.00. The company's shares closed yesterday at $98.35.
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According to TipRanks, Montani is a 3-star analyst with an average return of 4.8% and a 59.70% success rate. Montani covers the Consumer Cyclical sector, focusing on stocks such as Dollar Tree, CarMax, and Casey's General.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollar Tree with a $94.16 average price target, which is a -4.26% downside from current levels. In a report released on June 10, Bernstein also assigned a Hold rating to the stock with a $86.00 price target.
Based on Dollar Tree's latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $4.64 billion and a net profit of $343.4 million. In comparison, last year the company earned a revenue of $7.63 billion and had a net profit of $300.1 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLTR in relation to earlier this year. Earlier this month, Richard L McNeely, the CMO – Dollar Tree of DLTR sold 21,026.00 shares for a total of $1,989,480.12.
