$0.88 EPS Expected for Dollar Tree, Inc. (DLTR) This Quarter
Equities research analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report $0.88 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Dollar Tree’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.94. Dollar Tree posted earnings per share of $0.81 during the same quarter last year, which would suggest a positive year over year growth rate of 8.6%. The company is expected to issue its next earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that Dollar Tree will report full-year earnings of $4.56 per share for the current year, with EPS estimates ranging from $4.40 to $4.75. For the next year, analysts forecast that the company will report earnings of $4.97 per share, with EPS estimates ranging from $4.69 to $5.13. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.
A number of equities research analysts have weighed in on the company. Loop Capital reiterated a “buy” rating and issued a $88.00 price objective (up previously from $86.00) on shares of Dollar Tree in a research note on Saturday. Raymond James Financial, Inc. dropped coverage on Dollar Tree in a research note on Saturday. BMO Capital Markets set a $90.00 price objective on Dollar Tree and gave the company a “market perform” rating in a research note on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $84.00 price objective (up previously from $82.00) on shares of Dollar Tree in a research note on Friday. Finally, Buckingham Research boosted their price objective on Dollar Tree from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.38.
In other news, Director Lemuel E. Lewis bought 1,900 shares of the stock in a transaction on Monday, June 26th. The shares were 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Conrad M. Hall bought 5,000 shares of the stock in a transaction on Monday, July 10th. The stock was purchased at an average cost of $66.16 per share, for a total transaction 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. Insiders have purchased 10,375 shares of company stock worth $705,819 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Omega Advisors Inc. purchased a new stake in Dollar Tree during the first quarter valued at $5,885,000. Achmea Investment Management B.V. purchased a new stake in Dollar Tree during the first quarter valued at $448,000. Ironwood Investment Management LLC raised its stake in Dollar Tree by 41.5% in the first quarter. Ironwood Investment Management LLC now owns 4,437 shares of the company’s stock valued at $348,000 after buying an additional 1,302 shares during the period. State Treasurer State of Michigan raised its stake in Dollar Tree by 0.4% in the second quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock valued at $5,440,000 after buying an additional 300 shares during the period. Finally, Sawtooth Solutions LLC raised its stake in Dollar Tree by 115.6% in the first quarter. Sawtooth Solutions LLC now owns 13,932 shares of the company’s stock valued at $1,093,000 after buying an additional 7,470 shares during the period. 91.56% of the stock is currently owned by institutional investors.
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Shares of Dollar Tree (NASDAQ:DLTR) traded up 2.41% during mid-day trading on Friday, hitting $80.39. 4,449,475 shares of the stock were exchanged. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 20.57 and a beta of 0.68. The stock has a 50-day moving average price of $72.34 and a 200 day moving average price of $75.66. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41.
About Dollar Tree
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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