Brokerages Anticipate Dollar Tree, Inc. (DLTR) to Announce $0.87 Earnings Per Share
Equities analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report $0.87 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Dollar Tree’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.84. Dollar Tree reported earnings of $0.72 per share in the same quarter last year, which indicates a positive year over year growth rate of 20.8%. The firm 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 financial year, with EPS estimates ranging from $4.34 to $4.62. For the next year, analysts expect that the company will report earnings of $4.94 per share, with EPS estimates ranging from $4.69 to $5.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share.
Several brokerages recently issued reports on DLTR. Loop Capital reiterated a “hold” rating and issued a $80.00 price objective on shares of Dollar Tree in a research report on Friday, June 23rd. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the company a “hold” rating in a research report on Friday, May 26th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $65.00 price objective on shares of Dollar Tree in a research report on Friday, June 30th. Deutsche Bank AG boosted their price objective on Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $95.00 price objective (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $87.57.
Dollar Tree (DLTR) traded up 0.57% during mid-day trading on Tuesday, hitting $75.96. 965,531 shares of the stock were exchanged. The firm has a 50-day moving average price of $69.89 and a 200-day moving average price of $75.86. The stock has a market capitalization of $17.98 billion, a P/E ratio of 20.81 and a beta of 0.68. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $99.93.
In related news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the sale, the director now owns 2,390,881 shares in the company, valued at approximately $164,373,068.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis purchased 1,900 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the purchase, the director now owns 16,404 shares in the company, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 10,375 shares of company stock worth $705,819. 2.90% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. boosted its stake in Dollar Tree by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 205,218 shares of the company’s stock worth $16,101,000 after buying an additional 6,227 shares during the period. Chesley Taft & Associates LLC boosted its stake in Dollar Tree by 88.8% in the first quarter. Chesley Taft & Associates LLC now owns 28,175 shares of the company’s stock worth $2,211,000 after buying an additional 13,250 shares during the period. Gulf International Bank UK Ltd boosted its stake in Dollar Tree by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 72,367 shares of the company’s stock worth $5,677,000 after buying an additional 1,000 shares during the period. Vontobel Asset Management Inc. boosted its stake in Dollar Tree by 28.0% in the first quarter. Vontobel Asset Management Inc. now owns 1,869,292 shares of the company’s stock worth $151,340,000 after buying an additional 409,476 shares during the period. 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 worth $134,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.
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About Dollar Tree
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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