Q1 2019 EPS Estimates for Dollar Tree Raised by Analyst (DLTR)

Dollar Tree (NASDAQ:DLTR) – Analysts at Oppenheimer raised their Q1 2019 earnings per share (EPS) estimates for Dollar Tree in a research report issued to clients and investors on Thursday, May 24th. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings per share of $1.19 for the quarter, up from their previous forecast of $1.18. Oppenheimer also issued estimates for Dollar Tree’s Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $1.15 EPS and Q4 2019 earnings at $2.14 EPS.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the company posted $1.36 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a report on Thursday, March 8th. Raymond James set a $110.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 8th. Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $89.25 to $100.00 in a report on Thursday, March 8th. Loop Capital reiterated a “hold” rating and issued a $92.00 price objective (down from $100.00) on shares of Dollar Tree in a report on Wednesday, March 7th. Finally, Deutsche Bank set a $119.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 8th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $110.31.

NASDAQ DLTR opened at $95.18 on Friday. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The firm has a market capitalization of $22.50 billion, a PE ratio of 19.58, a P/E/G ratio of 1.14 and a beta of 0.83.

A number of hedge funds have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its holdings in Dollar Tree by 38.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock valued at $203,000 after acquiring an additional 528 shares during the period. Advisor Partners LLC raised its position in shares of Dollar Tree by 17.6% during the fourth quarter. Advisor Partners LLC now owns 3,800 shares of the company’s stock valued at $436,000 after buying an additional 568 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Dollar Tree by 0.8% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,569 shares of the company’s stock valued at $6,412,000 after buying an additional 568 shares during the last quarter. Fernwood Investment Management LLC raised its position in shares of Dollar Tree by 12.6% during the first quarter. Fernwood Investment Management LLC now owns 5,350 shares of the company’s stock valued at $508,000 after buying an additional 600 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Dollar Tree by 10.2% during the first quarter. IFM Investors Pty Ltd now owns 7,381 shares of the company’s stock valued at $700,000 after buying an additional 682 shares during the last quarter. Institutional investors own 91.17% of the company’s stock.

In other Dollar Tree news, insider Robert H. Rudman sold 6,074 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $93.95, for a total transaction of $570,652.30. Following the completion of the sale, the insider now directly owns 11,170 shares in the company, valued at $1,049,421.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert H. Rudman sold 2,764 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $93.70, for a total transaction of $258,986.80. The disclosure for this sale can be found here. Insiders have sold 14,861 shares of company stock valued at $1,398,752 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Dollar Tree Company Profile

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.

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

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