Equities research analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to post earnings per share (EPS) of $1.13 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Dollar Tree’s earnings. The lowest EPS estimate is $1.10 and the highest is $1.16. Dollar Tree posted earnings of $1.19 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5%. The business is expected to report its next quarterly earnings results on Thursday, May 30th.
On average, analysts expect that Dollar Tree will report full-year earnings of $5.23 per share for the current fiscal year, with EPS estimates ranging from $5.05 to $5.32. For the next fiscal year, analysts forecast that the firm will post earnings of $6.08 per share, with EPS estimates ranging from $5.65 to $6.43. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. Dollar Tree’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $1.89 earnings per share.
A number of brokerages recently weighed in on DLTR. ValuEngine downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Monday, April 1st. TheStreet downgraded shares of Dollar Tree from a “b” rating to a “c” rating in a report on Wednesday, March 6th. BMO Capital Markets set a $105.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 7th. Bank of America set a $115.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley boosted their target price on shares of Dollar Tree from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.48.
Shares of Dollar Tree stock traded up $0.36 during trading hours on Tuesday, hitting $105.99. 2,613,023 shares of the company’s stock traded hands, compared to its average volume of 1,974,902. The firm has a market cap of $25.25 billion, a PE ratio of 19.45, a P/E/G ratio of 2.07 and a beta of 0.43. Dollar Tree has a 12-month low of $78.78 and a 12-month high of $106.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36.
In other news, Director Lemuel E. Lewis purchased 1,000 shares of the stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $99.98 per share, for a total transaction of $99,980.00. Following the completion of the transaction, the director now directly owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William A. Old, Jr. sold 6,580 shares of Dollar Tree stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $102.75, for a total value of $676,095.00. Following the sale, the insider now directly owns 8,960 shares of the company’s stock, valued at approximately $920,640. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,947 shares of company stock valued at $3,480,102. 1.50% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Dollar Tree by 26.0% during the 4th quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock valued at $1,654,421,000 after purchasing an additional 3,781,225 shares during the last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at about $274,937,000. Oregon Public Employees Retirement Fund lifted its position in Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock worth $26,000 after buying an additional 2,301,814 shares during the last quarter. Macquarie Group Ltd. lifted its position in Dollar Tree by 15.4% in the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock worth $881,404,000 after buying an additional 1,303,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Dollar Tree by 50.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock worth $300,813,000 after buying an additional 1,120,760 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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