Equities analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to post $1.13 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Dollar Tree’s earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.10. Dollar Tree reported earnings of $1.19 per share during the same quarter last year, which suggests a negative year over year growth rate of 5%. The business is expected to report its next quarterly earnings report on Thursday, May 30th.
On average, analysts expect that Dollar Tree will report full-year earnings of $5.35 per share for the current year, with EPS estimates ranging from $5.05 to $5.82. For the next fiscal year, analysts forecast that the firm will post earnings of $6.11 per share, with EPS estimates ranging from $5.40 to $6.43. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.01. The company had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.89 EPS.
Several brokerages have weighed in on DLTR. TheStreet lowered shares of Dollar Tree from a “b” rating to a “c” rating in a report on Wednesday, March 6th. ValuEngine raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. BMO Capital Markets set a $105.00 price target 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 target on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley raised their price target on shares of Dollar Tree from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $101.74.
In other news, Director Lemuel E. Lewis acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $99.98 per share, for a total transaction of $99,980.00. Following the transaction, the director now directly owns 21,114 shares in the company, valued at approximately $2,110,977.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael A. Witynski sold 6,380 shares of Dollar Tree stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $102.83, for a total transaction of $656,055.40. Following the completion of the sale, the chief operating officer now owns 12,381 shares in the company, valued at $1,273,138.23. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DLTR. Engineers Gate Manager LP bought a new stake in shares of Dollar Tree during the 3rd quarter worth about $400,000. Private Advisor Group LLC raised its position in shares of Dollar Tree by 8.1% during the 3rd quarter. Private Advisor Group LLC now owns 16,047 shares of the company’s stock worth $1,309,000 after buying an additional 1,204 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new stake in shares of Dollar Tree during the 3rd quarter worth about $147,000. Gulf International Bank UK Ltd raised its position in shares of Dollar Tree by 15.1% during the 3rd quarter. Gulf International Bank UK Ltd now owns 83,767 shares of the company’s stock worth $6,831,000 after buying an additional 11,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Dollar Tree by 55.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,464 shares of the company’s stock worth $935,000 after buying an additional 4,102 shares in the last quarter. Institutional investors own 94.37% of the company’s stock.
DLTR stock traded down $0.79 during mid-day trading on Friday, hitting $99.86. 3,494,970 shares of the company were exchanged, compared to its average volume of 2,583,493. The firm has a market cap of $23.76 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.01 and a beta of 0.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. Dollar Tree has a twelve month low of $78.78 and a twelve month high of $104.49.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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