Dollar Tree, Inc. (NASDAQ:DLTR) – Research analysts at Jefferies Group boosted their FY2018 earnings estimates for Dollar Tree in a research report issued to clients and investors on Friday. Jefferies Group analyst D. Binder now anticipates that the company will post earnings per share of $5.00 for the year, up from their prior forecast of $4.87. Jefferies Group has a “Hold” rating and a $85.00 price objective on the stock. Jefferies Group also issued estimates for Dollar Tree’s Q4 2018 earnings at $2.02 EPS, Q1 2019 earnings at $1.33 EPS, Q2 2019 earnings at $1.21 EPS, Q3 2019 earnings at $1.20 EPS and FY2023 earnings at $9.47 EPS.
DLTR has been the subject of several other reports. BMO Capital Markets restated a “hold” rating and issued a $90.00 price objective on shares of Dollar Tree in a report on Thursday, November 2nd. MKM Partners upped their price objective on shares of 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 shares of 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 price objective on shares of 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 report on Friday, November 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.31.
Shares of Dollar Tree (NASDAQ:DLTR) traded down $1.15 during midday trading on Monday, reaching $106.81. 2,430,600 shares of the company’s stock traded hands, compared to its average volume of 2,084,143. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a market cap of $25,380.00, a price-to-earnings ratio of 25.46, a PEG ratio of 1.40 and a beta of 0.71.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.
In related news, insider Joshua R. Jewett sold 3,570 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.00, for a total transaction of $353,430.00. Following the sale, the insider now directly owns 6,976 shares of the company’s stock, valued at approximately $690,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mike R. Matacunas sold 2,975 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $104.82, for a total transaction of $311,839.50. The disclosure for this sale can be found here. Insiders have sold a total of 133,940 shares of company stock worth $13,761,818 over the last three months. 2.90% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Dollar Tree by 1.0% during the 4th quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock valued at $1,538,577,000 after purchasing an additional 142,633 shares during the last quarter. Macquarie Group Ltd. grew its position in Dollar Tree by 184,411.9% during the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the last quarter. Bank of New York Mellon Corp grew its position in Dollar Tree by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,857,604 shares of the company’s stock valued at $248,098,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC grew its position in Dollar Tree by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,578,126 shares of the company’s stock valued at $276,096,000 after purchasing an additional 47,316 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its position in Dollar Tree by 8.2% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock valued at $223,210,000 after purchasing an additional 195,000 shares during the last quarter. 91.50% of the stock is currently owned by institutional investors.
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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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