Dollar Tree (NASDAQ:DLTR) issued an update on its fourth quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.690-$1.790 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.750. The company issued revenue guidance of $7.02 billion-$7.18 billion, compared to the consensus revenue estimate of $7.03 billion.Dollar Tree also updated its FY 2021 guidance to $5.480-$5.580 EPS.
DLTR has been the subject of a number of research analyst reports. Loop Capital increased their price target on shares of Dollar Tree from $90.00 to $110.00 and gave the stock a hold rating in a research report on Monday, November 15th. Evercore ISI lifted their price objective on Dollar Tree from $125.00 to $150.00 and gave the company an in-line rating in a report on Wednesday. TheStreet raised Dollar Tree from a c+ rating to a b- rating in a report on Friday, October 22nd. BMO Capital Markets lifted their price target on Dollar Tree from $97.00 to $155.00 and gave the company a market perform rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Gordon Haskett raised Dollar Tree from a hold rating to a buy rating and lifted their price target for the company from $119.45 to $170.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $137.50.
Shares of NASDAQ:DLTR traded up $1.90 during mid-day trading on Thursday, reaching $146.61. 3,757,081 shares of the company were exchanged, compared to its average volume of 2,845,121. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.26. The firm has a market cap of $32.97 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.99 and a beta of 0.81. The firm’s 50-day simple moving average is $105.89 and its 200 day simple moving average is $102.03. Dollar Tree has a 1 year low of $84.26 and a 1 year high of $149.37.
Dollar Tree declared that its board has authorized a share repurchase plan on Wednesday, September 29th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to reacquire up to 11.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In related news, insider William A. Old, Jr. sold 16,267 shares of the business’s stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $125.46, for a total value of $2,040,857.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.
Dollar Tree Company Profile
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.
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