Dollar Tree, Inc. (NASDAQ:DLTR) – Analysts at Oppenheimer decreased their Q4 2019 earnings estimates for shares of Dollar Tree in a research note issued on Thursday, November 29th. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings of $1.90 per share for the quarter, down from their previous forecast of $2.00. Oppenheimer also issued estimates for Dollar Tree’s FY2020 earnings at $5.65 EPS.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The business had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.
A number of other research firms have also recently weighed in on DLTR. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Tuesday, August 14th. OTR Global cut shares of Dollar Tree to a “positive” rating in a research note on Wednesday, August 22nd. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Atlantic Securities raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research note on Monday, August 13th. Finally, ValuEngine raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. Dollar Tree has an average rating of “Hold” and a consensus price target of $101.90.
NASDAQ:DLTR opened at $86.77 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 2.22. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $116.65. The firm has a market cap of $20.64 billion, a PE ratio of 17.85, a P/E/G ratio of 1.12 and a beta of 0.62.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Dollar Tree by 15.1% in the 3rd quarter. FMR LLC now owns 22,046,619 shares of the company’s stock valued at $1,797,902,000 after purchasing an additional 2,890,549 shares in the last quarter. BlackRock Inc. lifted its holdings in Dollar Tree by 0.4% in the 2nd quarter. BlackRock Inc. now owns 14,726,245 shares of the company’s stock valued at $1,251,728,000 after purchasing an additional 64,736 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Dollar Tree by 9.6% in the 3rd quarter. Macquarie Group Ltd. now owns 8,455,473 shares of the company’s stock valued at $689,544,000 after purchasing an additional 737,501 shares in the last quarter. Akre Capital Management LLC lifted its holdings in Dollar Tree by 1.1% in the 3rd quarter. Akre Capital Management LLC now owns 5,086,035 shares of the company’s stock valued at $414,766,000 after purchasing an additional 53,479 shares in the last quarter. Finally, Fiduciary Management Inc. WI purchased a new position in Dollar Tree in the 3rd quarter valued at about $266,051,000. Institutional investors own 92.83% of the company’s stock.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,210 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the transaction, the director now directly owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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