Equities analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report sales of $5.54 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Dollar Tree’s earnings, with the highest sales estimate coming in at $5.57 billion and the lowest estimate coming in at $5.51 billion. Dollar Tree reported sales of $5.28 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The firm is expected to issue its next earnings report on Thursday, August 23rd.
According to Zacks, analysts expect that Dollar Tree will report full year sales of $22.92 billion for the current fiscal year, with estimates ranging from $22.83 billion to $23.00 billion. For the next year, analysts expect that the firm will post sales of $24.19 billion per share, with estimates ranging from $23.71 billion to $24.71 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, May 31st. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.04). Dollar Tree had a return on equity of 18.23% and a net margin of 7.44%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis.
Several research firms have weighed in on DLTR. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $89.25 to $100.00 in a research note on Thursday, March 8th. Raymond James set a $110.00 target price on Dollar Tree and gave the stock a “buy” rating in a research note on Thursday, March 8th. BMO Capital Markets cut their target price on Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a research note on Thursday, March 8th. Loop Capital reiterated a “hold” rating and issued a $92.00 price target (down from $100.00) on shares of Dollar Tree in a research note on Wednesday, March 7th. Finally, ValuEngine cut Dollar Tree from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $106.64.
In related news, insider Robert H. Rudman sold 6,074 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $93.95, for a total value of $570,652.30. Following the completion of the sale, the insider now directly owns 11,170 shares in the company, valued at $1,049,421.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Whiddon acquired 2,250 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was bought at an average price of $88.78 per share, with a total value of $199,755.00. Following the completion of the acquisition, the director now directly owns 26,121 shares of the company’s stock, valued at $2,319,022.38. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CenterStar Asset Management LLC acquired a new stake in Dollar Tree in the first quarter valued at $102,000. Dupont Capital Management Corp grew its holdings in Dollar Tree by 77.0% during the 1st quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after acquiring an additional 710 shares during the period. Sterling Capital Management LLC acquired a new stake in Dollar Tree during the 4th quarter worth about $210,000. Fieldpoint Private Securities LLC acquired a new stake in Dollar Tree during the 1st quarter worth about $213,000. Finally, Madison Investment Holdings Inc. acquired a new stake in Dollar Tree during the 4th quarter worth about $218,000. Institutional investors and hedge funds own 91.41% of the company’s stock.
Dollar Tree traded down $0.71, hitting $84.44, on Friday, according to Marketbeat Ratings. 130,999 shares of the company’s stock were exchanged, compared to its average volume of 4,832,066. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.11 and a quick ratio of 0.41. Dollar Tree has a 52 week low of $66.01 and a 52 week high of $116.65. The stock has a market capitalization of $20.58 billion, a PE ratio of 17.36, a PEG ratio of 1.09 and a beta of 0.79.
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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