Equities research analysts expect that Dollar Tree (NASDAQ:DLTR) will post sales of $5.57 billion for the current quarter, Zacks reports. Eight analysts have issued estimates for Dollar Tree’s earnings. The lowest sales estimate is $5.53 billion and the highest is $5.59 billion. Dollar Tree posted sales of $5.29 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The business is expected to announce its next earnings report before the market opens on Thursday, May 31st.
According to Zacks, analysts expect that Dollar Tree will report full year sales of $22.99 billion for the current financial year, with estimates ranging from $22.75 billion to $23.12 billion. For the next financial year, analysts forecast that the company will post sales of $24.26 billion per share, with estimates ranging from $23.71 billion to $24.60 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data 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 for 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS.
A number of equities analysts have issued reports on DLTR shares. Piper Jaffray Companies upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $91.95 to $109.64 in a report on Monday, March 26th. Loop Capital increased their target price on Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, February 12th. They noted that the move was a valuation call. Wells Fargo & Co reiterated an “outperform” rating and set a $128.00 target price (down previously from $138.00) on shares of Dollar Tree in a report on Tuesday, February 27th. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. Finally, Royal Bank of Canada lowered their target price on Dollar Tree to $106.00 and set a “top pick” rating for the company in a report on Thursday, March 8th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Dollar Tree presently has an average rating of “Buy” and a consensus target price of $110.31.
Dollar Tree traded up $0.53, reaching $95.18, during trading hours on Monday, MarketBeat.com reports. 2,387,711 shares of the stock were exchanged, compared to its average volume of 2,175,009. The stock has a market cap of $22.50 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. 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 12 month low of $65.63 and a 12 month high of $116.65.
In related news, Director Arnold S. Barron sold 6,023 shares of Dollar Tree stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total transaction of $569,113.27. Following the completion of the transaction, the director now owns 26,667 shares in the company, valued at $2,519,764.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert H. Rudman sold 6,074 shares of Dollar Tree stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $93.95, for a total value of $570,652.30. Following the transaction, the insider now owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The disclosure for this sale can be found here. Insiders have sold 14,861 shares of company stock valued at $1,398,752 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Dollar Tree by 83.8% during the first quarter. American Century Companies Inc. now owns 4,467,563 shares of the company’s stock worth $423,972,000 after acquiring an additional 2,036,622 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Dollar Tree by 128.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,365,586 shares of the company’s stock worth $224,494,000 after acquiring an additional 1,331,959 shares during the last quarter. Victory Capital Management Inc. lifted its position in Dollar Tree by 2,567.0% during the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after acquiring an additional 573,238 shares during the last quarter. Capital Growth Management LP acquired a new stake in Dollar Tree during the fourth quarter worth approximately $49,363,000. Finally, Eagle Asset Management Inc. lifted its position in Dollar Tree by 1,332.1% during the fourth quarter. Eagle Asset Management Inc. now owns 398,003 shares of the company’s stock worth $42,730,000 after acquiring an additional 370,211 shares during the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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