Dollar Tree, Inc. Expected to Earn FY2023 Earnings of $7.15 Per Share (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) – Research analysts at Oppenheimer lowered their FY2023 earnings estimates for shares of Dollar Tree in a report released on Tuesday, November 22nd. Oppenheimer analyst R. Parikh now anticipates that the company will post earnings of $7.15 per share for the year, down from their prior estimate of $7.30. The consensus estimate for Dollar Tree’s current full-year earnings is $7.20 per share. Oppenheimer also issued estimates for Dollar Tree’s Q4 2023 earnings at $1.98 EPS, Q1 2024 earnings at $1.78 EPS, Q2 2024 earnings at $1.63 EPS, Q3 2024 earnings at $1.59 EPS, Q4 2024 earnings at $2.56 EPS and FY2025 earnings at $8.05 EPS.

Dollar Tree (NASDAQ:DLTRGet Rating) last released its earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS.

A number of other equities analysts have also recently issued reports on DLTR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Dollar Tree from $163.00 to $194.00 in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Friday, August 26th. TheStreet upgraded shares of Dollar Tree from a “c+” rating to a “b-” rating in a research note on Monday, October 31st. UBS Group upped their target price on shares of Dollar Tree from $171.00 to $177.00 in a research note on Wednesday. Finally, Evercore ISI reduced their price target on shares of Dollar Tree from $170.00 to $160.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.13.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $150.14 on Thursday. The stock has a market cap of $33.62 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.73. The firm’s 50-day moving average is $148.69 and its 200 day moving average is $153.94. Dollar Tree has a 1 year low of $123.62 and a 1 year high of $177.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors have recently added to or reduced their stakes in the stock. Toroso Investments LLC grew its holdings in Dollar Tree by 4.3% during the 3rd quarter. Toroso Investments LLC now owns 4,379 shares of the company’s stock valued at $596,000 after buying an additional 181 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Dollar Tree during the 3rd quarter valued at approximately $9,536,000. Industrial Alliance Investment Management Inc. grew its holdings in Dollar Tree by 3.1% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 16,347 shares of the company’s stock valued at $2,225,000 after buying an additional 488 shares in the last quarter. National Pension Service boosted its position in shares of Dollar Tree by 5.4% during the 3rd quarter. National Pension Service now owns 516,413 shares of the company’s stock valued at $70,666,000 after acquiring an additional 26,391 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Dollar Tree by 21.8% during the 3rd quarter. Captrust Financial Advisors now owns 12,420 shares of the company’s stock valued at $1,690,000 after acquiring an additional 2,224 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

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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.

Further Reading

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

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