Dollar Tree (NASDAQ:DLTR) Issues Q4 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.69-1.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.75. The company issued revenue guidance of $7.02-7.18 billion, compared to the consensus revenue estimate of $7.04 billion.Dollar Tree also updated its FY 2021 guidance to $5.480-$5.580 EPS.

Shares of Dollar Tree stock traded up $1.90 on Thursday, reaching $146.61. 3,757,081 shares of the company were exchanged, compared to its average volume of 2,845,121. The company has a market capitalization of $32.97 billion, a price-to-earnings 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 one year low of $84.26 and a one year high of $149.37. The company has a 50-day moving average of $105.89 and a 200 day moving average of $102.03.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 23rd. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.42 billion. Dollar Tree had a net margin of 5.78% and a return on equity of 20.78%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 earnings per share. Analysts predict that Dollar Tree will post 5.53 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has initiated a stock buyback plan on Wednesday, September 29th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to purchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of research firms recently weighed in on DLTR. Evercore ISI increased their price target on Dollar Tree from $125.00 to $150.00 and gave the company an in-line rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $131.00 to $169.00 and gave the company an overweight rating in a report on Wednesday. Telsey Advisory Group raised Dollar Tree from a market perform rating to an outperform rating and upped their target price for the company from $132.00 to $175.00 in a research report on Wednesday. Piper Sandler lifted their price target on Dollar Tree from $93.00 to $144.00 and gave the stock a neutral rating in a report on Wednesday. Finally, Barclays upped their price objective on Dollar Tree from $100.00 to $140.00 and gave the company an equal weight rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Dollar Tree currently has an average rating of Buy and a consensus target price of $137.50.

In other news, insider William A. Old, Jr. sold 16,267 shares of Dollar Tree stock in a transaction on Monday, November 15th. The stock was sold at an average price of $125.46, for a total value of $2,040,857.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Dollar Tree Company Profile

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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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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