Dollar Tree (NASDAQ:DLTR) Updates Q2 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTRGet Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.000-1.100 for the period, compared to the consensus earnings per share estimate of 1.190. The company issued revenue guidance of $7.3 billion-$7.6 billion, compared to the consensus revenue estimate of $7.6 billion. Dollar Tree also updated its FY 2024 guidance to 6.500-7.000 EPS.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $111.29 on Friday. The business has a 50-day moving average price of $121.08 and a two-hundred day moving average price of $130.02. Dollar Tree has a 1-year low of $102.77 and a 1-year high of $154.96. The company has a current ratio of 1.28, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market cap of $23.92 billion, a P/E ratio of -24.25, a PEG ratio of 1.12 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree will post 6.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DLTR. BMO Capital Markets cut their target price on shares of Dollar Tree from $150.00 to $145.00 and set an outperform rating on the stock in a research note on Thursday. Evercore ISI reduced their target price on Dollar Tree from $144.00 to $142.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Gordon Haskett downgraded Dollar Tree from a buy rating to a hold rating and dropped their price target for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Jefferies Financial Group cut their price target on Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. Finally, Telsey Advisory Group lowered their target price on Dollar Tree from $160.00 to $155.00 and set an outperform rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree has an average rating of Moderate Buy and a consensus target price of $143.70.

Get Our Latest Research Report on Dollar Tree

Insider Buying and Selling at Dollar Tree

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Company Profile

(Get Free Report)

Dollar Tree, Inc operates retail discount stores. The company 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, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, 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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