Analysts Anticipate Dollar Tree, Inc. (DLTR) Will Announce Quarterly Sales of $5.23 Billion
Analysts predict that Dollar Tree, Inc. (NASDAQ:DLTR) will report sales of $5.23 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Dollar Tree’s earnings, with the lowest sales estimate coming in at $5.21 billion and the highest estimate coming in at $5.25 billion. Dollar Tree reported sales of $5.00 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The company is expected to announce its next quarterly earnings report on Thursday, August 24th.
On average, analysts expect that Dollar Tree will report full-year sales of $5.23 billion for the current year, with estimates ranging from $21.98 billion to $22.28 billion. For the next financial year, analysts expect that the firm will report sales of $22.87 billion per share, with estimates ranging from $22.56 billion to $23.09 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.98. The firm 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 business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share.
Several research firms have recently issued reports on DLTR. BidaskClub raised Dollar Tree from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $86.00 in a report on Wednesday, June 28th. Bank of America Corporation reaffirmed 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. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $65.00 target price on shares of Dollar Tree in a report on Friday, June 30th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Monday, May 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.57.
In related news, Director Lemuel E. Lewis acquired 3,475 shares of Dollar Tree stock in a transaction dated Friday, June 16th. The shares were purchased at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the purchase, the director now owns 12,744 shares of the company’s stock, valued at $910,558.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas A. Saunders sold 13,660 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the transaction, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 10,375 shares of company stock worth $705,819 and have sold 24,453 shares worth $1,719,185. Company 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. VNBTrust National Association boosted its position in shares of Dollar Tree by 54.3% in the first quarter. VNBTrust National Association now owns 56,500 shares of the company’s stock worth $4,433,000 after buying an additional 19,875 shares during the period. Regentatlantic Capital LLC boosted its stake in Dollar Tree by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 78,613 shares of the company’s stock valued at $6,168,000 after buying an additional 255 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in Dollar Tree by 12.0% in the first quarter. Carroll Financial Associates Inc. now owns 4,003 shares of the company’s stock valued at $314,000 after buying an additional 430 shares during the last quarter. National Pension Service boosted its stake in Dollar Tree by 15.7% in the first quarter. National Pension Service now owns 221,171 shares of the company’s stock valued at $17,570,000 after buying an additional 30,070 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock valued at $134,000 after buying an additional 134 shares during the last quarter. 92.40% of the stock is currently owned by hedge funds and other institutional investors.
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Dollar Tree (DLTR) traded up 0.17% on Friday, reaching $70.89. The company’s stock had a trading volume of 2,686,096 shares. The company has a market cap of $16.78 billion, a P/E ratio of 19.42 and a beta of 0.68. The firm’s 50-day moving average price is $71.24 and its 200 day moving average price is $76.24. Dollar Tree has a 52-week low of $65.63 and a 52-week 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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