Zacks: Analysts Expect Dollar Tree, Inc. (DLTR) Will Announce Quarterly Sales of $5.27 Billion
Wall Street brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR) to announce $5.27 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made 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 company is expected to issue its next quarterly earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that Dollar Tree will report full year sales of $5.27 billion for the current fiscal year, with estimates ranging from $22.17 billion to $22.25 billion. For the next fiscal year, analysts expect that the business 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 sell-side analysts that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share.
Several research firms have weighed in on DLTR. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price on shares of Dollar Tree in a research report on Tuesday, July 4th. Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a research note on Friday, August 25th. Loop Capital reiterated a “hold” rating and set a $80.00 target price on shares of Dollar Tree in a research note on Friday, June 23rd. Finally, BidaskClub cut Dollar Tree from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $88.91.
In other news, Director Conrad M. Hall purchased 5,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were purchased at an average price of $66.16 per share, with a total value of $330,800.00. Following the completion of the acquisition, the director now owns 63,299 shares in the company, valued at approximately $4,187,861.84. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares in the company, valued at approximately $164,373,068.75. 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 2.90% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC grew its position in 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 in the last quarter. Sun Life Financial INC raised its holdings in shares of Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after acquiring an additional 1,710 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Dollar Tree in the 1st quarter valued at about $124,000. Citizens Financial Group Inc. RI raised its holdings in shares of Dollar Tree by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after acquiring an additional 48 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after acquiring an additional 285 shares during the last quarter. 90.74% of the stock is owned by institutional investors.
Dollar Tree (DLTR) opened at 86.82 on Wednesday. The company has a market capitalization of $20.56 billion, a P/E ratio of 22.21 and a beta of 0.70. The company’s 50 day moving average price is $81.39 and its 200-day moving average price is $76.83. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $91.41.
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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