Wall Street analysts expect that Dollar Tree, Inc. (NASDAQ:DLTR) will report earnings per share of $2.12 for the current quarter, Zacks reports. Seven analysts have provided estimates for Dollar Tree’s earnings. The lowest EPS estimate is $2.00 and the highest is $2.24. Dollar Tree posted earnings of $1.79 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.4%. The business is expected to issue its next earnings report before the market opens on Wednesday, March 3rd.
According to Zacks, analysts expect that Dollar Tree will report full year earnings of $5.64 per share for the current year, with EPS estimates ranging from $5.52 to $5.76. For the next year, analysts forecast that the business will report earnings of $6.16 per share, with EPS estimates ranging from $5.88 to $6.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Monday, November 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. Dollar Tree had a return on equity of 19.05% and a net margin of 3.84%. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the company earned $1.08 earnings per share.
Several equities research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Dollar Tree from $104.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, November 25th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Dollar Tree from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 25th. KeyCorp raised their price objective on Dollar Tree from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 25th. Bank of America reissued a “buy” rating and issued a $123.00 price target (up previously from $115.00) on shares of Dollar Tree in a report on Tuesday, November 24th. Finally, Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $129.00 price target for the company in a report on Tuesday, January 12th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and an average target price of $115.68.
Shares of NASDAQ:DLTR traded down $1.71 during trading on Tuesday, reaching $103.17. The stock had a trading volume of 76,850 shares, compared to its average volume of 1,776,999. Dollar Tree has a one year low of $60.20 and a one year high of $115.45. The company has a market capitalization of $24.26 billion, a P/E ratio of 25.90, a PEG ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.28, a quick ratio of 0.34 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $107.88 and its 200 day simple moving average is $100.54.
In related news, Director Lemuel E. Lewis acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, December 7th. The stock was bought at an average cost of $112.00 per share, for a total transaction of $112,000.00. Following the completion of the transaction, the director now owns 24,614 shares of the company’s stock, valued at approximately $2,756,768. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael A. Witynski sold 12,381 shares of the company’s stock in a transaction on Friday, December 4th. The stock was sold at an average price of $112.62, for a total transaction of $1,394,348.22. Following the transaction, the chief executive officer now owns 9,479 shares of the company’s stock, valued at $1,067,524.98. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Dollar Tree in the 4th quarter valued at about $43,000. CX Institutional lifted its holdings in Dollar Tree by 82.5% in the 4th quarter. CX Institutional now owns 303 shares of the company’s stock valued at $33,000 after purchasing an additional 137 shares in the last quarter. Freedman Financial Associates Inc. purchased a new position in Dollar Tree in the 4th quarter valued at $34,000. Inspire Advisors LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $41,000. Finally, ADE LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $49,000. 88.60% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty 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, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
Featured Story: Technical Indicators – What is a Golden Cross?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.