Dollar Tree Inc. (DLTR) Set to Announce Earnings on Tuesday
Dollar Tree Inc. (NASDAQ:DLTR) is scheduled to post its Q316 quarterly earnings results on Tuesday, November 22nd. Analysts expect Dollar Tree to post earnings of $0.78 per share and revenue of $5.08 billion for the quarter. Dollar Tree has set its Q3 guidance at $0.76-0.82 EPS.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The business earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business posted $0.67 earnings per share. Dollar Tree’s revenue was up 66.0% compared to the same quarter last year. On average, analysts expect Dollar Tree to post $3.80 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.
Dollar Tree Inc. (NASDAQ:DLTR) opened at 81.65 on Friday. The company has a market capitalization of $19.25 billion, a PE ratio of 27.09 and a beta of 0.57. The firm has a 50-day moving average of $76.84 and a 200-day moving average of $85.66. Dollar Tree Inc. has a 52 week low of $67.36 and a 52 week high of $99.93.
Several brokerages have recently commented on DLTR. Piper Jaffray Cos. restated a “neutral” rating and issued a $85.00 target price (down from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Jefferies Group restated a “hold” rating and issued a $80.00 target price on shares of Dollar Tree in a research report on Thursday, November 10th. Johnson Rice upgraded shares of Dollar Tree from a “hold” rating to an “accumulate” rating in a research report on Tuesday. Morgan Stanley set a $90.00 target price on shares of Dollar Tree and gave the company a “hold” rating in a research report on Wednesday, August 31st. Finally, MKM Partners cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and dropped their target price for the company from $104.00 to $80.00 in a research report on Friday, August 26th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $91.14.
In other news, Director Lemuel E. Lewis bought 1,470 shares of the stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $85.00 per share, for a total transaction of $124,950.00. Following the completion of the acquisition, the director now directly owns 9,469 shares in the company, valued at approximately $804,865. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Conrad M. Hall bought 5,000 shares of the stock in a transaction dated Monday, August 29th. The stock was purchased at an average price of $85.60 per share, with a total value of $428,000.00. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at $68,394.40. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in DLTR. Tredje AP fonden purchased a new stake in shares of Dollar Tree during the second quarter valued at approximately $120,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Dollar Tree during the third quarter valued at approximately $205,000. Engineers Gate Manager LP purchased a new stake in shares of Dollar Tree during the second quarter valued at approximately $217,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of Dollar Tree during the second quarter valued at approximately $228,000. Finally, Advisor Partners LLC increased its stake in shares of Dollar Tree by 6.0% in the second quarter. Advisor Partners LLC now owns 2,753 shares of the company’s stock valued at $259,000 after buying an additional 155 shares in the last quarter. Institutional investors own 96.46% of the company’s stock.
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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