Equities analysts forecast that Dollar Tree, Inc. (NASDAQ:DLTR) will report $6.39 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Dollar Tree’s earnings, with the lowest sales estimate coming in at $6.36 billion and the highest estimate coming in at $6.44 billion. Dollar Tree reported sales of $5.64 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The firm is expected to report its next earnings results on Wednesday, March 7th.
On average, analysts expect that Dollar Tree will report full year sales of $6.39 billion for the current year, with estimates ranging from $22.21 billion to $22.33 billion. For the next financial year, analysts expect that the company will post sales of $23.09 billion per share, with estimates ranging from $22.91 billion to $23.32 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Dollar Tree’s revenue was up 6.3% on a year-over-year basis.
Several analysts recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $90.00 target price on shares of Dollar Tree in a report on Thursday, November 2nd. MKM Partners upped their target price on Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, November 22nd. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $92.00 target price on Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, KeyCorp restated a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Dollar Tree currently has an average rating of “Buy” and an average price target of $106.31.
Dollar Tree (NASDAQ:DLTR) traded down $2.88 on Wednesday, reaching $104.74. The company had a trading volume of 5,203,380 shares, compared to its average volume of 2,093,492. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $116.65. The company has a market capitalization of $25,516.33, a price-to-earnings ratio of 24.94, a PEG ratio of 1.40 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.
In other news, Chairman Bob Sasser sold 64,002 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joshua R. Jewett sold 3,570 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total value of $353,430.00. Following the transaction, the insider now owns 6,976 shares in the company, valued at approximately $690,624. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,132 shares of company stock worth $14,679,180. 2.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Dollar Tree by 1.0% during the fourth quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock worth $1,538,577,000 after buying an additional 142,633 shares in the last quarter. Macquarie Group Ltd. grew its position in Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after buying an additional 8,298,537 shares in the last quarter. Bank of New York Mellon Corp grew its position in Dollar Tree by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 2,857,604 shares of the company’s stock worth $248,098,000 after buying an additional 87,592 shares in the last quarter. Alkeon Capital Management LLC grew its position in Dollar Tree by 8.2% during the third quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock worth $223,210,000 after buying an additional 195,000 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Dollar Tree by 2.4% during the third quarter. Nordea Investment Management AB now owns 2,134,383 shares of the company’s stock worth $185,307,000 after buying an additional 49,082 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
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Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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