Dollar Tree (NASDAQ:DLTR – Get 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
About Dollar Tree
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.
- Get a free copy of the StockNews.com research report on Dollar Tree (DLTR)
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Microsoft Shares: Is it Time to Back Up the Truck?
- Institutional Support for Analog Devices Remains High
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.