Equities analysts expect that Dollar Tree, Inc. (NASDAQ:DLTR) will report earnings of $1.15 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Dollar Tree’s earnings, with estimates ranging from $1.11 to $1.18. Dollar Tree reported earnings of $1.01 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13.9%. The firm is expected to report its next quarterly earnings report on Tuesday, November 20th.
On average, analysts expect that Dollar Tree will report full year earnings of $5.50 per share for the current fiscal year, with EPS estimates ranging from $5.45 to $5.57. For the next fiscal year, analysts forecast that the business will post earnings of $6.04 per share, with EPS estimates ranging from $5.68 to $6.37. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The business had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp increased their target price on shares of Dollar Tree from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. Gordon Haskett cut shares of Dollar Tree from an “accumulate” rating to a “hold” rating in a report on Monday, October 15th. Royal Bank of Canada dropped their target price on shares of Dollar Tree from $96.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, October 11th. Finally, Cleveland Research reiterated a “hold” rating on shares of Dollar Tree in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Hold” and an average target price of $100.83.
Shares of Dollar Tree stock opened at $84.51 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66. 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 $20.10 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74.
In other news, Director Lemuel E. Lewis purchased 1,210 shares of the stock in a transaction dated Thursday, September 27th. The shares were acquired at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the acquisition, the director now owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Signet Financial Management LLC purchased a new position in shares of Dollar Tree in the 2nd quarter valued at approximately $121,000. grace capital purchased a new position in shares of Dollar Tree in the 2nd quarter valued at approximately $153,000. Cerebellum GP LLC raised its position in shares of Dollar Tree by 58.9% in the 2nd quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock valued at $180,000 after purchasing an additional 786 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Dollar Tree by 46.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock valued at $186,000 after purchasing an additional 690 shares during the last quarter. Finally, Dupont Capital Management Corp raised its position in shares of Dollar Tree by 35.2% in the 2nd quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock valued at $188,000 after purchasing an additional 574 shares during the last quarter. 91.49% of the stock is owned by hedge funds and other institutional investors.
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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