Dollar Tree (NASDAQ:DLTR) Announces Quarterly Earnings Results

Dollar Tree (NASDAQ:DLTRGet Rating) posted its earnings results on Tuesday. The company reported $1.20 earnings per share (EPS) 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 analysts’ expectations of $6.84 billion. During the same period in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter 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 Price Performance

Shares of Dollar Tree stock opened at $150.14 on Thursday. The firm has a market cap of $33.62 billion, a PE ratio of 20.91, a price-to-earnings-growth 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 company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $148.45 and its two-hundred day simple moving average is $153.97.

Institutional Investors Weigh In On Dollar Tree

A number of large investors have recently modified their holdings of DLTR. SVB Wealth LLC boosted its stake in Dollar Tree by 2.4% during the second quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after acquiring an additional 62 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Dollar Tree by 0.5% in the third quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock worth $2,483,000 after buying an additional 82 shares during the last quarter. Ethic Inc. raised its holdings in Dollar Tree by 3.8% in the first quarter. Ethic Inc. now owns 2,554 shares of the company’s stock worth $409,000 after buying an additional 94 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Dollar Tree by 6.8% in the first quarter. Evergreen Capital Management LLC now owns 1,718 shares of the company’s stock worth $275,000 after buying an additional 109 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in Dollar Tree by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 4,699 shares of the company’s stock worth $753,000 after buying an additional 151 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DLTR. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. Morgan Stanley lowered their price objective on shares of Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, August 26th. TheStreet upgraded shares of Dollar Tree from a “c+” rating to a “b-” rating in a research report on Monday, October 31st. UBS Group raised their price objective on shares of Dollar Tree from $171.00 to $177.00 in a research report on Wednesday. Finally, Gordon Haskett set a $163.00 price objective on shares of Dollar Tree in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and an average target price of $168.24.

About Dollar Tree

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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.

Further Reading

Earnings History for Dollar Tree (NASDAQ:DLTR)

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