Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Post Earnings of $2.00 Per Share

Brokerages expect that Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) will announce earnings per share (EPS) of $2.00 for the current quarter, according to Zacks. Ten analysts have made estimates for Dollar Tree’s earnings, with estimates ranging from $1.85 to $2.21. Dollar Tree reported earnings of $1.60 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Dollar Tree will report full year earnings of $7.91 per share for the current year, with EPS estimates ranging from $7.80 to $8.00. For the next fiscal year, analysts expect that the company will post earnings of $8.84 per share, with EPS estimates ranging from $8.15 to $9.07. Zacks’ 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:DLTRGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.22. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.12 billion. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. Dollar Tree’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 EPS.

Several equities research analysts have recently issued reports on DLTR shares. Truist Financial started coverage on Dollar Tree in a research note on Thursday, January 13th. They issued a “buy” rating and a $162.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $169.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Dollar Tree from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Monday, February 28th. Finally, Piper Sandler raised Dollar Tree from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $157.00 to $181.00 in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $154.70.

In other news, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $157.94, for a total transaction of $85,603.48. Following the completion of the sale, the insider now directly owns 17,085 shares in the company, valued at $2,698,404.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Heinrich acquired 425 shares of the stock in a transaction dated Monday, March 28th. The shares were bought at an average price of $156.09 per share, with a total value of $66,338.25. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DLTR. EdgePoint Investment Group Inc. acquired a new stake in shares of Dollar Tree in the fourth quarter worth $646,253,000. Capital World Investors acquired a new stake in shares of Dollar Tree in the fourth quarter worth $553,637,000. Canada Pension Plan Investment Board increased its stake in shares of Dollar Tree by 161.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock worth $606,787,000 after acquiring an additional 2,665,651 shares during the period. Norges Bank acquired a new stake in shares of Dollar Tree in the fourth quarter worth $329,472,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Dollar Tree by 719.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,031,438 shares of the company’s stock worth $285,458,000 after buying an additional 1,783,589 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Shares of NASDAQ DLTR opened at $172.03 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.30 and a current ratio of 1.34. The company has a market cap of $38.73 billion, a P/E ratio of 29.66, a P/E/G ratio of 1.41 and a beta of 0.75. The firm’s fifty day moving average is $151.17 and its two-hundred day moving average is $134.72. Dollar Tree has a 52-week low of $84.26 and a 52-week high of $174.35.

About Dollar Tree (Get Rating)

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.

Featured Stories

Get a free copy of the Zacks research report on Dollar Tree (DLTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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.