Dollar Tree (NASDAQ:DLTR) Announces Earnings Results

Dollar Tree (NASDAQ:DLTRGet Rating) issued its earnings results on Thursday. The company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.37, Briefing.com reports. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The business had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the previous year, the firm posted $1.60 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Shares of NASDAQ:DLTR opened at $157.77 on Thursday. Dollar Tree has a 52 week low of $84.26 and a 52 week high of $177.19. The company’s 50 day moving average is $158.93 and its two-hundred day moving average is $144.45. The company has a market cap of $35.59 billion, a PE ratio of 23.03, a P/E/G ratio of 1.11 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44.

DLTR has been the topic of a number of recent research reports. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and upped their target price for the company from $140.00 to $200.00 in a report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dollar Tree from $180.00 to $179.00 in a report on Wednesday. Guggenheim boosted their target price on shares of Dollar Tree from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $169.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 22nd. Finally, Piper Sandler upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $157.00 to $181.00 in a report on Wednesday, March 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Buy” and an average price target of $151.10.

In other Dollar Tree news, insider David A. Jacobs sold 542 shares of the stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the transaction, the insider now directly owns 17,085 shares in the company, valued at $2,698,404.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich acquired 425 shares of the business’s stock in a transaction on Monday, March 28th. The shares were bought at an average cost of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Heritage Wealth Advisors boosted its position in shares of Dollar Tree by 85.5% in the 4th quarter. Heritage Wealth Advisors now owns 434 shares of the company’s stock valued at $61,000 after purchasing an additional 200 shares during the period. Covestor Ltd boosted its holdings in shares of Dollar Tree by 75.5% in the first quarter. Covestor Ltd now owns 402 shares of the company’s stock valued at $64,000 after acquiring an additional 173 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Dollar Tree by 128.3% during the first quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock worth $67,000 after acquiring an additional 236 shares during the last quarter. Carolinas Wealth Consulting LLC increased its holdings in shares of Dollar Tree by 761.7% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 517 shares of the company’s stock valued at $83,000 after acquiring an additional 457 shares during the period. Finally, Fairfield Bush & CO. purchased a new stake in Dollar Tree in the 1st quarter valued at $86,000. 98.54% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile (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.

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Earnings History for Dollar Tree (NASDAQ:DLTR)

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