Zacks: Brokerages Expect Dollar Tree, Inc. (DLTR) to Announce $0.89 Earnings Per Share
Brokerages forecast that Dollar Tree, Inc. (NASDAQ:DLTR) will post $0.89 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Dollar Tree’s earnings, with estimates ranging from $0.84 to $0.94. Dollar Tree reported earnings per share of $0.81 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 28th.
On average, analysts expect that Dollar Tree will report full year earnings of $4.66 per share for the current year, with EPS estimates ranging from $4.54 to $4.75. For the next fiscal year, analysts forecast that the company will post earnings of $5.03 per share, with EPS estimates ranging from $4.91 to $5.17. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year.
A number of brokerages have recently weighed in on DLTR. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and set a $88.00 price objective (up previously from $86.00) on shares of Dollar Tree in a research report on Saturday, August 26th. Raymond James Financial, Inc. dropped coverage on Dollar Tree in a research report on Saturday, August 26th. Finally, BMO Capital Markets set a $90.00 price objective on Dollar Tree and gave the company a “market perform” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $88.04.
In related news, Director Lemuel E. Lewis purchased 3,475 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was purchased at an average price 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 approximately $910,558.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lemuel E. Lewis purchased 1,900 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of $66.70 per share, with a total value of $126,730.00. Following the purchase, the director now directly owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. In the last three months, insiders acquired 10,375 shares of company stock valued at $705,819 and sold 23,899 shares valued at $1,687,375. 4.10% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of DLTR. Waldron LP bought a new stake in shares of Dollar Tree during the first quarter valued at approximately $203,000. First Trust Advisors LP raised its stake in shares of Dollar Tree by 2.4% during the first quarter. First Trust Advisors LP now owns 174,711 shares of the company’s stock valued at $13,708,000 after acquiring an additional 4,054 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Dollar Tree by 1.2% during the first quarter. UBS Asset Management Americas Inc. now owns 590,710 shares of the company’s stock valued at $46,347,000 after acquiring an additional 7,288 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Dollar Tree during the first quarter valued at approximately $5,682,000. Finally, First Foundation Advisors bought a new stake in shares of Dollar Tree during the first quarter valued at approximately $759,000. 90.76% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree (NASDAQ:DLTR) traded down 0.765% during midday trading on Thursday, hitting $83.764. The stock had a trading volume of 193,730 shares. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $91.41. The company has a market capitalization of $19.84 billion, a PE ratio of 21.428 and a beta of 0.68. The stock’s 50-day moving average is $76.48 and its 200-day moving average is $75.89.
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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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