Dollar Tree (NASDAQ:DLTR) released its quarterly earnings results on Thursday. The company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.03, Bloomberg Earnings reports. The firm had revenue of $5.54 billion during the quarter, compared to analyst estimates of $5.55 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS.
Shares of NASDAQ:DLTR opened at $88.43 on Friday. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $116.65. The stock has a market cap of $19.82 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. The company has a current ratio of 2.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66.
In other Dollar Tree news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average cost of $82.75 per share, with a total value of $100,127.50. Following the transaction, the director now directly owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in DLTR. Price Capital Management Inc. acquired a new position in shares of Dollar Tree in the third quarter valued at about $106,000. SRS Capital Advisors Inc. increased its holdings in shares of Dollar Tree by 252.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the period. Signet Financial Management LLC acquired a new position in shares of Dollar Tree in the second quarter valued at about $121,000. Stelac Advisory Services LLC acquired a new position in shares of Dollar Tree in the third quarter valued at about $121,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of Dollar Tree in the third quarter valued at about $147,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.
DLTR has been the subject of several recent research reports. KeyCorp boosted their price target on Dollar Tree from $108.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 17th. Gordon Haskett lowered Dollar Tree from an “accumulate” rating to a “hold” rating in a research report on Monday, October 15th. Royal Bank of Canada lowered Dollar Tree from a “top pick” rating to an “outperform” rating and set a $90.00 price target for the company. in a research report on Tuesday, September 4th. Morgan Stanley reduced their price target on Dollar Tree from $101.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, August 31st. Finally, ValuEngine raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $101.90.
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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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