Dollar Tree, Inc. (DLTR) Expected to Post Earnings of $0.87 Per Share
Brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR) to announce earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Dollar Tree’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.89. Dollar Tree reported earnings per share of $0.72 in the same quarter last year, which suggests a positive year over year growth rate of 20.8%. The business is expected to announce its next earnings report on Thursday, August 24th.
On average, analysts expect that Dollar Tree will report full-year earnings of $4.45 per share for the current fiscal year, with EPS estimates ranging from $4.34 to $4.60. For the next fiscal year, analysts expect that the firm will post earnings of $4.94 per share, with EPS estimates ranging from $4.69 to $5.37. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share.
Several brokerages have weighed in on DLTR. Loop Capital reiterated a “hold” rating and issued a $80.00 target price on shares of Dollar Tree in a report on Friday. BMO Capital Markets set a $88.00 target price on Dollar Tree and gave the stock a “hold” rating in a report on Friday, May 26th. Royal Bank Of Canada set a $95.00 target price on Dollar Tree and gave the stock a “buy” rating in a report on Monday, April 3rd. Deutsche Bank AG upped their target price on Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of Dollar Tree in a report on Sunday, May 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $86.68.
In other news, insider Robert H. Rudman sold 6,731 shares of the stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $78.22, for a total value of $526,498.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bob Sasser sold 40,029 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $79.00, for a total value of $3,162,291.00. Following the completion of the transaction, the chief executive officer now directly owns 65,070 shares in the company, valued at $5,140,530. The disclosure for this sale can be found here. Insiders sold 52,668 shares of company stock worth $4,157,249 over the last three months. Corporate insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. raised its position in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Dollar Tree during the first quarter worth $124,000. Quadrant Capital Group LLC raised its position in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock worth $134,000 after buying an additional 134 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.
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Dollar Tree (DLTR) opened at 67.68 on Friday. The company has a market cap of $16.02 billion, a P/E ratio of 18.54 and a beta of 0.67. The firm has a 50-day moving average price of $78.21 and a 200-day moving average price of $78.43. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $99.93.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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