Dollar Tree, Inc. (NASDAQ:DLTR) – Analysts at KeyCorp reduced their FY2019 EPS estimates for shares of Dollar Tree in a research note issued to investors on Wednesday. KeyCorp analyst B. Thomas now expects that the company will earn $5.60 per share for the year, down from their previous forecast of $6.28. KeyCorp has a “Overweight” rating and a $115.00 price target on the stock. KeyCorp also issued estimates for Dollar Tree’s FY2020 earnings at $6.25 EPS.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS.
Several other brokerages have also issued reports on DLTR. MKM Partners set a $96.00 price objective on Dollar Tree and gave the stock a “hold” rating in a report on Monday, November 20th. Moffett Nathanson started coverage on Dollar Tree in a report on Monday, December 4th. They set a “buy” rating for the company. Royal Bank of Canada reiterated a “top pick” rating and set a $111.00 price objective (up from $102.00) on shares of Dollar Tree in a report on Wednesday, November 22nd. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Loop Capital reiterated a “hold” rating and set a $92.00 price objective (down from $100.00) on shares of Dollar Tree in a report on Wednesday, March 7th. Twelve investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and an average target price of $106.08.
Shares of Dollar Tree (NASDAQ:DLTR) traded down $1.89 during trading on Monday, hitting $92.53. The stock had a trading volume of 1,854,129 shares, compared to its average volume of 3,006,333. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The firm has a market capitalization of $22,030.00, a PE ratio of 12.89, a PEG ratio of 1.22 and a beta of 0.80.
In related news, Director Conrad M. Hall bought 10,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were bought at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the completion of the acquisition, the director now directly owns 799 shares in the company, valued at $73,372.17. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLTR. BlackRock Inc. grew its position in shares of Dollar Tree by 1.0% in the fourth quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock valued at $1,538,577,000 after purchasing an additional 142,633 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Dollar Tree by 184,411.9% in the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Dollar Tree by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 2,857,604 shares of the company’s stock valued at $248,098,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Dollar Tree by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,578,126 shares of the company’s stock valued at $276,096,000 after purchasing an additional 47,316 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its position in shares of Dollar Tree by 8.2% in the third quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock valued at $223,210,000 after purchasing an additional 195,000 shares during the last quarter. Institutional investors own 90.97% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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