Wall Street brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR) to post earnings per share of $1.92 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Dollar Tree’s earnings, with estimates ranging from $1.89 to $1.95. Dollar Tree reported earnings of $1.89 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 6th.
According to Zacks, analysts expect that Dollar Tree will report full-year earnings of $5.45 per share for the current fiscal year, with EPS estimates ranging from $5.41 to $5.55. For the next year, analysts forecast that the business will report earnings of $5.76 per share, with EPS estimates ranging from $5.61 to $6.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The company had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. Dollar Tree’s quarterly revenue was up 4.2% compared to the same quarter last year.
Several analysts recently weighed in on DLTR shares. JPMorgan Chase & Co. decreased their price target on Dollar Tree to $90.00 in a report on Sunday, December 2nd. UBS Group decreased their price target on Dollar Tree from $113.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Deutsche Bank decreased their price target on Dollar Tree from $112.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Tuesday, August 14th. Finally, Credit Suisse Group upgraded Dollar Tree to a “buy” rating and set a $96.00 price target on the stock in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar Tree presently has an average rating of “Hold” and an average price target of $101.64.
NASDAQ:DLTR opened at $83.39 on Friday. 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 $20.52 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22.
In related news, Director Lemuel E. Lewis acquired 1,210 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the completion of the transaction, the director now directly owns 20,114 shares in the company, valued at $1,664,433.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Price Capital Management Inc. acquired a new stake in Dollar Tree in the third quarter worth about $106,000. SRS Capital Advisors Inc. boosted its holdings in Dollar Tree by 252.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock worth $115,000 after acquiring an additional 1,009 shares in the last quarter. Signet Financial Management LLC acquired a new stake in Dollar Tree in the second quarter worth about $121,000. Stelac Advisory Services LLC acquired a new stake in Dollar Tree in the third quarter worth about $121,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in Dollar Tree in the third quarter worth about $147,000. 92.14% of the stock is currently owned by institutional investors.
Dollar Tree Company Profile
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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