Dollar Tree (NASDAQ:DLTR) Updates Q2 2022 Earnings Guidance

Dollar Tree (NASDAQ:DLTRGet Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $1.45-$1.55 for the period, compared to the consensus earnings per share estimate of $1.71. The company issued revenue guidance of $6.65 billion-$6.78 billion, compared to the consensus revenue estimate of $6.75 billion.Dollar Tree also updated its FY 2022 guidance to $7.80-$8.20 EPS.

A number of equities analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Dollar Tree from $181.00 to $191.00 in a research report on Friday, May 27th. StockNews.com upgraded shares of Dollar Tree from a hold rating to a buy rating in a research report on Wednesday. Loop Capital raised shares of Dollar Tree from a hold rating to a buy rating and boosted their price target for the stock from $140.00 to $200.00 in a research note on Wednesday, March 9th. Truist Financial boosted their price target on shares of Dollar Tree to $178.00 in a research note on Friday, May 27th. Finally, Guggenheim boosted their price target on shares of Dollar Tree to $185.00 in a research note on Friday, May 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $162.39.

Shares of DLTR opened at $161.01 on Thursday. Dollar Tree has a 12 month low of $84.26 and a 12 month high of $177.19. The firm has a fifty day simple moving average of $159.59 and a 200 day simple moving average of $146.22. The stock has a market capitalization of $36.16 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.27 and a beta of 0.70. The company has a current ratio of 1.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its earnings results on Thursday, May 26th. The company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.00 by $0.37. The business had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $6.77 billion. Dollar Tree had a net margin of 5.57% and a return on equity of 19.71%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. As a group, research analysts predict that Dollar Tree will post 8.13 earnings per share for the current fiscal year.

In other news, insider David A. Jacobs sold 542 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,698,404.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Heinrich acquired 425 shares of the company’s stock in a transaction dated Monday, March 28th. The stock was 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. Company insiders own 5.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. United Capital Financial Advisers LLC bought a new position in shares of Dollar Tree in the first quarter valued at about $234,000. Douglass Winthrop Advisors LLC bought a new position in Dollar Tree during the first quarter worth about $224,000. Sawtooth Solutions LLC bought a new position in Dollar Tree during the first quarter worth about $222,000. Gabelli Funds LLC bought a new position in Dollar Tree during the first quarter worth about $208,000. Finally, Salem Investment Counselors Inc. bought a new position in Dollar Tree during the fourth quarter worth about $136,000. 98.54% of the stock is currently owned by institutional investors.

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.

See Also

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

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