Wall Street brokerages expect that Dollar Tree, Inc. (NASDAQ:DLTR) will report $6.39 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Dollar Tree’s earnings, with the highest sales estimate coming in at $6.43 billion and the lowest estimate coming in at $6.36 billion. Dollar Tree reported sales of $5.64 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Dollar Tree will report full-year sales of $6.39 billion for the current year, with estimates ranging from $22.21 billion to $22.31 billion. For the next fiscal year, analysts anticipate that the company will post sales of $23.10 billion per share, with estimates ranging from $22.92 billion to $23.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis.

A number of research firms recently commented on DLTR. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Buckingham Research restated a “buy” rating and issued a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, August 8th. Finally, Bank of America started coverage on Dollar Tree in a report on Friday, August 25th. They issued a “buy” rating and a $91.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Dollar Tree currently has an average rating of “Buy” and an average target price of $99.92.

In other news, insider Mike R. Matacunas sold 2,975 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $104.82, for a total transaction of $311,839.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the transaction, the chairman now directly owns 1,128,795 shares of the company’s stock, valued at $102,867,088.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 343,747 shares of company stock valued at $32,079,782. 2.90% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in DLTR. BlueMountain Capital Management LLC boosted its stake in Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC increased its position in Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares during the period. YorkBridge Wealth Partners LLC increased its position in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares during the period. Advisory Services Network LLC increased its holdings in Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in Dollar Tree in the 3rd quarter worth about $150,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Shares of Dollar Tree (NASDAQ DLTR) traded down $1.38 on Friday, reaching $102.76. 4,236,600 shares of the company were exchanged, compared to its average volume of 2,756,144. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The stock has a market capitalization of $23,932.52, a P/E ratio of 23.10, a PEG ratio of 1.59 and a beta of 0.59. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $105.14.

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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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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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