Dollar Tree (NASDAQ:DLTR) Releases FY 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.310-5.510 for the period, compared to the consensus earnings per share estimate of 5.380. The company issued revenue guidance of $30.7 billion-$30.9 billion, compared to the consensus revenue estimate of $30.7 billion. Dollar Tree also updated its Q4 2024 guidance to 2.100-2.300 EPS.

Dollar Tree Stock Down 0.5 %

DLTR opened at $72.48 on Wednesday. The company has a market cap of $15.58 billion, a PE ratio of -14.85, a price-to-earnings-growth ratio of 2.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The firm has a 50 day moving average price of $67.52 and a 200 day moving average price of $87.66.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. Dollar Tree’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. Sell-side analysts expect that Dollar Tree will post 5.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group reduced their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Citigroup reduced their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group lowered their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Finally, Wells Fargo & Company cut their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.53.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.