Dollar Tree (NASDAQ:DLTR) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Dollar Tree (NASDAQ:DLTRGet Rating) posted its quarterly earnings data on Tuesday. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02, Briefing.com reports. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Dollar Tree updated its FY 2022 guidance to $7.10-$7.25 EPS and its Q4 2022 guidance to EPS.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $150.14 on Thursday. The stock has a market cap of $33.62 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.38. The stock has a 50 day moving average price of $148.45 and a 200-day moving average price of $153.97. Dollar Tree has a one year low of $123.62 and a one year high of $177.19.

Analysts Set New Price Targets

DLTR has been the topic of several recent research reports. TheStreet raised Dollar Tree from a “c+” rating to a “b-” rating in a research note on Monday, October 31st. Telsey Advisory Group decreased their price objective on Dollar Tree from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Piper Sandler cut their target price on Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. Deutsche Bank Aktiengesellschaft increased their target price on Dollar Tree from $163.00 to $194.00 in a research report on Wednesday. Finally, OTR Global upgraded Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Dollar Tree presently has an average rating of “Moderate Buy” and a consensus target price of $168.24.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently modified their holdings of DLTR. Alpha Paradigm Partners LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth approximately $35,000. Fred Alger Management LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth approximately $37,000. Covestor Ltd boosted its holdings in shares of Dollar Tree by 75.5% in the 1st quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after purchasing an additional 173 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 128.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock worth $67,000 after purchasing an additional 236 shares during the period. Finally, Carolinas Wealth Consulting LLC lifted its stake in shares of Dollar Tree by 761.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 517 shares of the company’s stock worth $83,000 after acquiring an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About Dollar Tree

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

See Also

Earnings History for Dollar Tree (NASDAQ:DLTR)

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