Dollar Tree (NASDAQ:DLTR) Posts Earnings Results, Beats Expectations By $0.04 EPS

Dollar Tree (NASDAQ:DLTR) issued its quarterly earnings results on Monday. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.52 by $0.04, FiscalAI reports. Dollar Tree had a positive return on equity of 30.23% and a negative net margin of 15.40%.The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.46 billion.

Dollar Tree Stock Down 3.8%

Shares of NASDAQ:DLTR opened at $107.46 on Monday. Dollar Tree has a 52-week low of $61.87 and a 52-week high of $142.40. The stock has a market cap of $21.37 billion, a P/E ratio of -7.99, a PEG ratio of 1.34 and a beta of 0.73. The business has a fifty day moving average of $125.92 and a two-hundred day moving average of $112.81. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.70.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DLTR shares. UBS Group lifted their target price on shares of Dollar Tree from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Citigroup reiterated a “neutral” rating and issued a $132.00 target price on shares of Dollar Tree in a research report on Friday, February 27th. Rothschild & Co Redburn set a $165.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price target on shares of Dollar Tree in a research report on Tuesday, March 10th. Finally, Sanford C. Bernstein upped their price objective on shares of Dollar Tree from $109.00 to $123.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.62.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently modified their holdings of DLTR. DV Equities LLC purchased a new position in Dollar Tree during the fourth quarter worth about $32,000. Jessup Wealth Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $50,000. MUFG Securities EMEA plc purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at approximately $58,000. Wexford Capital LP acquired a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $92,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Dollar Tree by 33.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 984 shares of the company’s stock valued at $93,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.