Dollar Tree Inc. (NASDAQ:DLTR) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.24-1.33 for the period, compared to the Thomson Reuters consensus estimate of $1.30. The company issued revenue guidance of $5.59-5.69 billion, compared to the consensus revenue estimate of $5.60 billion.

A number of research analysts have issued reports on the company. Deutsche Bank AG reissued a buy rating and issued a $96.00 price target on shares of Dollar Tree in a report on Friday, November 18th. Johnson Rice raised Dollar Tree from a hold rating to an accumulate rating in a report on Tuesday, November 15th. Jefferies Group reissued a hold rating and issued a $80.00 price target on shares of Dollar Tree in a report on Thursday, November 10th. KeyCorp initiated coverage on Dollar Tree in a research report on Wednesday, October 12th. They issued an overweight rating and a $90.00 price objective for the company. Finally, Vetr cut Dollar Tree from a hold rating to a sell rating and set a $74.00 price objective for the company. in a research report on Monday, October 10th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $91.14.

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

Dollar Tree Inc. (NASDAQ:DLTR) opened at 88.68 on Wednesday. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 29.42 and a beta of 0.57. Dollar Tree Inc. has a 1-year low of $72.52 and a 1-year high of $99.93. The company’s 50-day moving average price is $77.31 and its 200 day moving average price is $85.81.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.03. The company earned $5 billion during 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%. Dollar Tree’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts expect that Dollar Tree Inc. will post $3.80 earnings per share for the current fiscal year.

In related news, Director Lemuel E. Lewis purchased 1,560 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was bought at an average price of $80.00 per share, with a total value of $124,800.00. Following the completion of the transaction, the director now owns 11,029 shares of the company’s stock, valued at approximately $882,320. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lemuel E. Lewis purchased 1,470 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were bought at an average cost of $85.00 per share, with a total value of $124,950.00. Following the transaction, the director now directly owns 9,469 shares of the company’s stock, valued at approximately $804,865. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DLTR. FMR LLC increased its position in Dollar Tree by 7.1% in the second quarter. FMR LLC now owns 8,489,053 shares of the company’s stock valued at $800,008,000 after buying an additional 561,520 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Dollar Tree by 0.6% in the second quarter. BlackRock Fund Advisors now owns 3,987,310 shares of the company’s stock worth $375,764,000 after buying an additional 22,347 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Dollar Tree by 2.2% in the second quarter. BlackRock Group LTD now owns 1,835,319 shares of the company’s stock worth $172,960,000 after buying an additional 38,795 shares in the last quarter. Atlanta Capital Management Co. L L C acquired a new stake in shares of Dollar Tree during the second quarter worth approximately $78,885,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Dollar Tree by 7.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 649,796 shares of the company’s stock worth $51,288,000 after buying an additional 46,520 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

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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.

5 Day Chart for NASDAQ:DLTR

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