Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Announce Earnings of $1.64 Per Share

Analysts expect Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) to announce $1.64 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Dollar Tree’s earnings, with estimates ranging from $1.48 to $1.78. Dollar Tree reported earnings of $1.23 per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Dollar Tree will report full-year earnings of $7.93 per share for the current year, with EPS estimates ranging from $7.35 to $8.45. For the next fiscal year, analysts forecast that the company will post earnings of $8.87 per share, with EPS estimates ranging from $8.15 to $9.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Dollar Tree.

Dollar Tree (NASDAQ:DLTRGet Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.37. 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 during the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the previous year, the company posted $1.60 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

Several analysts have commented on the stock. Guggenheim boosted their price target on shares of Dollar Tree to $185.00 in a research note on Friday. Morgan Stanley upped their price target on shares of Dollar Tree from $150.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dollar Tree from $180.00 to $179.00 in a report on Wednesday. Telsey Advisory Group dropped their target price on shares of Dollar Tree from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Barclays upped their target price on shares of Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $155.50.

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

A number of large investors have recently modified their holdings of DLTR. Mantle Ridge LP raised its holdings in Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after acquiring an additional 11,365,431 shares in the last quarter. EdgePoint Investment Group Inc. acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $646,253,000. Capital World Investors acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $553,637,000. Winslow Capital Management LLC acquired a new stake in Dollar Tree in the first quarter valued at approximately $428,709,000. Finally, Canada Pension Plan Investment Board raised its holdings in 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 valued at $606,787,000 after acquiring an additional 2,665,651 shares in the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DLTR traded up $2.20 during trading hours on Friday, reaching $165.00. 4,345,877 shares of the stock traded hands, compared to its average volume of 2,646,714. The company has a current ratio of 1.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44. 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 price is $159.20 and its two-hundred day moving average price is $145.19. The company has a market cap of $37.22 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70.

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 and Estimates for Dollar Tree (NASDAQ:DLTR)

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