Dollar Tree, Inc. (DLTR) Issues Q3 Earnings Guidance
Dollar Tree, Inc. (NASDAQ:DLTR) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.83-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.86. The company issued revenue guidance of $5.20-5.29 billion, compared to the consensus revenue estimate of $5.26 billion.Dollar Tree also updated its FY18 guidance to $4.58-4.74 EPS.
A number of research analysts recently issued reports on the stock. BTIG Research reiterated a buy rating and issued a $98.00 target price on shares of Dollar Tree in a research note on Wednesday. Piper Jaffray Companies reiterated a hold rating and issued a $85.00 target price on shares of Dollar Tree in a research note on Tuesday. Loop Capital reiterated a buy rating and issued a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Buckingham Research reiterated a buy rating and issued a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Dollar Tree from a hold rating to a buy rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $86.91.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 74.32 on Thursday. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 20.36 and a beta of 0.68. The stock’s 50 day moving average is $71.71 and its 200 day moving average is $75.60. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $91.41.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post $4.46 earnings per share for the current fiscal year.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,900 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Conrad M. Hall acquired 5,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average cost of $66.16 per share, with a total value of $330,800.00. Following the acquisition, the director now directly owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 10,375 shares of company stock worth $705,819. Company insiders own 2.90% of the company’s stock.
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Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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