Dollar Tree, Inc. (NASDAQ:DLTR) – Investment analysts at Oppenheimer issued their FY2018 earnings estimates for Dollar Tree in a report released on Tuesday. Oppenheimer analyst R. Parikh forecasts that the company will post earnings of $4.84 per share for the year. Oppenheimer currently has a “Outperform” rating and a $130.00 target price on the stock. Oppenheimer also issued estimates for Dollar Tree’s Q4 2018 earnings at $1.86 EPS, FY2019 earnings at $5.31 EPS and FY2020 earnings at $5.91 EPS.
Other research analysts have also issued reports about the company. Goldman Sachs Group assumed coverage on Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price for the company. KeyCorp reiterated a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 8th. Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada set a $92.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $105.04.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. Dollar Tree’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share.
In other news, Chairman Bob Sasser sold 64,002 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total value of $6,383,559.48. The sale was disclosed in a document filed 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 on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the sale, the chairman now 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. Over the last 90 days, insiders sold 293,132 shares of company stock valued at $28,348,680. 4.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC boosted its holdings in Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC boosted its holdings in Dollar Tree by 17,100.0% in the second 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 during the last quarter. Integrated Investment Consultants LLC bought a new position in Dollar Tree in the third quarter valued at about $150,000. YorkBridge Wealth Partners LLC boosted its holdings in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after acquiring an additional 36 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after acquiring an additional 12 shares during the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.
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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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