Analysts Expect Dollar Tree, Inc. (DLTR) Will Post Quarterly Sales of $6.39 Billion

Equities research analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report $6.39 billion in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Dollar Tree’s earnings. The highest sales estimate is $6.43 billion and the lowest is $6.36 billion. Dollar Tree reported sales of $5.64 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The company is scheduled to announce its next quarterly earnings results 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 financial year, analysts forecast that the company will post sales of $23.09 billion per share, with estimates ranging from $22.91 billion to $23.32 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly 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. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year.

A number of brokerages have recently commented on DLTR. Guggenheim reaffirmed a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Bank of America set a $130.00 price target on Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $138.00 price target (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Oppenheimer began coverage on Dollar Tree in a research report on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price target on the stock in a research report on Tuesday, January 16th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $105.85.

Dollar Tree (NASDAQ:DLTR) opened at $107.85 on Wednesday. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $116.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. The company has a market capitalization of $25,570.00, a price-to-earnings ratio of 25.68, a PEG ratio of 1.42 and a beta of 0.71.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $106.34, for a total value of $3,588,975.00. Following the sale, the director now owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mike R. Matacunas sold 2,975 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $104.82, for a total value of $311,839.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,132 shares of company stock worth $14,679,180. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in DLTR. Exane Derivatives bought a new position in shares of Dollar Tree during the 4th quarter valued at about $104,000. Cerebellum GP LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at about $127,000. Advisory Services Network LLC increased its position in shares of Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares during the last quarter. FTB Advisors Inc. increased its position in shares of Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree during the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 88.73% 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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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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