Dollar Tree (NASDAQ:DLTR) Issues FY 2021 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.480-$5.580 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.590. The company issued revenue guidance of $26.25 billion-$26.41 billion, compared to the consensus revenue estimate of $26.26 billion.Dollar Tree also updated its FY22 guidance to $5.48-$5.58 EPS.

Shares of Dollar Tree stock traded up $1.90 during midday trading on Thursday, hitting $146.61. The company had a trading volume of 3,757,081 shares, compared to its average volume of 2,845,121. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.26 and a current ratio of 1.25. The stock has a market capitalization of $32.97 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.99 and a beta of 0.81. The company has a 50 day moving average of $105.89 and a 200 day moving average of $102.03. Dollar Tree has a 52-week low of $84.26 and a 52-week high of $149.37.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 23rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.42 billion. Dollar Tree had a return on equity of 20.78% and a net margin of 5.78%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 EPS. Equities research analysts forecast that Dollar Tree will post 5.53 EPS for the current year.

Dollar Tree announced that its board has authorized a stock repurchase program on Wednesday, September 29th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 11.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Several analysts have commented on the company. Barclays increased their target price on Dollar Tree from $100.00 to $140.00 and gave the company an equal weight rating in a research note on Wednesday. TheStreet upgraded Dollar Tree from a c+ rating to a b- rating in a research note on Friday, October 22nd. KeyCorp cut their target price on Dollar Tree from $125.00 to $116.00 and set an overweight rating on the stock in a research note on Friday, August 27th. Deutsche Bank Aktiengesellschaft raised their target price on Dollar Tree from $148.00 to $171.00 and gave the stock a buy rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $131.00 to $169.00 and gave the company an overweight rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar Tree currently has an average rating of Buy and an average target price of $137.50.

In other news, insider William A. Old, Jr. sold 16,267 shares of Dollar Tree stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $125.46, for a total value of $2,040,857.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

About Dollar Tree

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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

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