$5.27 Billion in Sales Expected for Dollar Tree, Inc. (DLTR) This Quarter
Wall Street brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR) to report $5.27 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Dollar Tree’s earnings. The highest sales estimate is $5.30 billion and the lowest is $5.25 billion. Dollar Tree reported sales of $5.00 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The business is scheduled to announce its next earnings report on Tuesday, November 28th.
On average, analysts expect that Dollar Tree will report full-year sales of $5.27 billion for the current year, with estimates ranging from $22.17 billion to $22.25 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $22.96 billion per share, with estimates ranging from $22.75 billion to $23.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share 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 for the quarter, compared to analyst estimates of $5.24 billion. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis.
A number of equities research analysts have recently weighed in on DLTR shares. BTIG Research restated a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research report on Monday, May 22nd. Deutsche Bank AG boosted their target price on Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. 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. Bank of America Corporation restated a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Finally, Citigroup Inc. restated a “neutral” rating and set a $86.00 target price (up previously from $85.00) on shares of Dollar Tree in a research report on Sunday, June 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Dollar Tree has an average rating of “Hold” and an average price target of $88.04.
In other news, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,917,954. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,849 shares of company stock valued at $2,528,548. Insiders own 4.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BlueMountain Capital Management LLC boosted its position in shares of Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Dollar Tree by 3.1% during 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 during the period. FNY Managed Accounts LLC acquired a new position in shares of Dollar Tree during the first quarter worth about $124,000. Sun Life Financial INC boosted its position in shares of Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares during the period. 90.76% of the stock is owned by institutional investors.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 0.02% during midday trading on Friday, reaching $83.48. The company’s stock had a trading volume of 2,757,320 shares. The stock has a 50 day moving average price of $77.55 and a 200-day moving average price of $76.03. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41. The company has a market capitalization of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68.
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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