Brokers Set Expectations for Dollar Tree Inc.’s Q3 2017 Earnings (DLTR)
Dollar Tree Inc. (NASDAQ:DLTR) – Analysts at KeyCorp issued their Q3 2017 earnings estimates for shares of Dollar Tree in a research note issued on Wednesday. KeyCorp analyst B. Thomas forecasts that the firm will post earnings of $0.79 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Dollar Tree’s Q4 2017 earnings at $1.30 EPS and FY2018 earnings at $4.45 EPS.
A number of other equities analysts have also weighed in on DLTR. Buckingham Research reiterated a “buy” rating and set a $106.00 target price on shares of Dollar Tree in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Dollar Tree in a research report on Wednesday, July 6th. Vetr raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $112.00 price target on the stock in a research report on Wednesday, July 6th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Monday, July 11th. Finally, Deutsche Bank AG raised Dollar Tree from a “hold” rating to a “buy” rating and increased their price target for the stock from $82.00 to $110.00 in a research report on Monday, August 1st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $91.09.
Dollar Tree (NASDAQ:DLTR) traded down 1.25% during midday trading on Friday, hitting $77.25. The stock had a trading volume of 1,048,798 shares. Dollar Tree has a 52 week low of $61.33 and a 52 week high of $99.93. The company’s 50-day moving average price is $80.57 and its 200 day moving average price is $86.51. The company has a market capitalization of $18.21 billion, a PE ratio of 25.63 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The company’s revenue was up 66.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS.
Several hedge funds have recently modified their holdings of the stock. Virginia Retirement System bought a new position in Dollar Tree during the first quarter worth about $298,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Dollar Tree during the first quarter worth about $202,000. Prudential Financial Inc. increased its position in Dollar Tree by 1.9% in the first quarter. Prudential Financial Inc. now owns 291,845 shares of the company’s stock worth $24,065,000 after buying an additional 5,490 shares during the period. NN Investment Partners Holdings N.V. bought a new position in Dollar Tree during the first quarter worth about $108,000. Finally, Advisor Partners LLC bought a new position in Dollar Tree during the first quarter worth about $214,000. Institutional investors own 94.37% of the company’s stock.
In other news, Director Conrad M. Hall bought 5,000 shares of Dollar Tree stock in a transaction dated Monday, August 29th. The stock was bought at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the purchase, the director now directly owns 799 shares in the company, valued at approximately $68,394.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lemuel E. Lewis bought 1,470 shares of Dollar Tree stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of $85.00 per share, with a total value of $124,950.00. Following the completion of the purchase, the director now owns 9,469 shares in the company, valued at $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is owned by insiders.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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