Dollar Tree, Inc. (DLTR) Set to Announce Earnings on Thursday
Dollar Tree, Inc. (NASDAQ:DLTR) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 24th. Analysts expect Dollar Tree to post earnings of $0.87 per share for the quarter. Dollar Tree has set its Q2 guidance at $0.80-0.88 EPS and its FY18 guidance at $4.17-4.43 EPS.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect Dollar Tree to post $4.48 EPS for the current fiscal year and $5.03 EPS for the next fiscal year.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at 74.44 on Thursday. The stock’s 50 day moving average is $71.11 and its 200 day moving average is $75.68. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 20.39 and a beta of 0.68. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $96.40. Dollar Tree also saw unusually large options trading on Tuesday. Traders purchased 27,648 call options on the stock. This represents an increase of 861% compared to the typical volume of 2,876 call options.
Several research firms have recently issued reports on DLTR. Loop Capital restated a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. BMO Capital Markets set a $88.00 target price on Dollar Tree and gave the stock a “hold” rating in a research report on Friday, May 26th. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $65.00 target price on shares of Dollar Tree in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $86.91.
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In other news, Director Lemuel E. Lewis purchased 1,900 shares of Dollar Tree stock in a transaction on Monday, June 26th. The stock was purchased at an average price of $66.70 per share, with a total value of $126,730.00. Following the transaction, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 10,375 shares of company stock valued at $705,819. Insiders own 2.90% of the company’s stock.
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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