Dollar Tree (NASDAQ:DLTR) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Dollar Tree (NASDAQ:DLTRGet Rating) released its quarterly earnings data on Tuesday. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02, Briefing.com reports. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the firm earned $0.96 EPS. Dollar Tree’s quarterly revenue was up 8.1% compared to the same quarter last year. Dollar Tree updated its FY 2022 guidance to $7.10-$7.25 EPS and its Q4 2022 guidance to EPS.

Dollar Tree Trading Down 1.5 %

NASDAQ DLTR opened at $150.14 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $33.62 billion, a P/E ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.73. Dollar Tree has a 12 month low of $123.62 and a 12 month high of $177.19. The business has a fifty day simple moving average of $148.45 and a 200 day simple moving average of $153.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alpha Paradigm Partners LLC bought a new position in Dollar Tree in the 3rd quarter worth about $35,000. Fred Alger Management LLC purchased a new position in shares of Dollar Tree during the 3rd quarter valued at about $37,000. Covestor Ltd increased its stake in Dollar Tree by 75.5% in the 1st quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after purchasing an additional 173 shares during the period. Parkside Financial Bank & Trust increased its stake in Dollar Tree by 128.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock worth $67,000 after purchasing an additional 236 shares during the period. Finally, Carolinas Wealth Consulting LLC increased its stake in Dollar Tree by 761.7% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 517 shares of the company’s stock worth $83,000 after purchasing an additional 457 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Dollar Tree from $178.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar Tree from $171.00 to $176.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. StockNews.com started coverage on shares of Dollar Tree in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Telsey Advisory Group decreased their target price on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.24.

Dollar Tree Company Profile

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Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

See Also

Earnings History for Dollar Tree (NASDAQ:DLTR)

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