FY2018 EPS Estimates for Dollar Tree, Inc. Increased by KeyCorp (DLTR)
Dollar Tree, Inc. (NASDAQ:DLTR) – Research analysts at KeyCorp increased their FY2018 EPS estimates for shares of Dollar Tree in a research note issued on Tuesday. KeyCorp analyst B. Thomas now anticipates that the company will earn $4.82 per share for the year, up from their previous estimate of $4.69. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock. KeyCorp also issued estimates for Dollar Tree’s FY2019 earnings at $5.22 EPS.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the business earned $0.72 EPS. The business’s revenue was up 6.3% on a year-over-year basis.
Several other analysts have also recently commented on DLTR. UBS AG reiterated a “buy” rating and issued a $106.00 price objective (up previously from $100.00) on shares of Dollar Tree in a research note on Tuesday, November 14th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $87.00 price objective (up previously from $78.00) on shares of Dollar Tree in a research note on Wednesday. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. MKM Partners raised their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $98.21.
Shares of Dollar Tree (NASDAQ DLTR) traded up $0.31 during midday trading on Thursday, hitting $99.77. 3,054,300 shares of the company traded hands, compared to its average volume of 2,753,980. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.43. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $100.74. The firm has a market capitalization of $23,655.12, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59.
In other news, insider David A. Jacobs sold 9,192 shares of Dollar Tree stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total transaction of $917,361.60. Following the completion of the sale, the insider now directly owns 13,199 shares in the company, valued at $1,317,260.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Jacobs sold 5,596 shares of Dollar Tree stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $88.25, for a total transaction of $493,847.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 260,641 shares of company stock valued at $23,726,199. Insiders own 4.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. grew its holdings in Dollar Tree by 8.4% in the second quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock valued at $25,037,000 after purchasing an additional 27,672 shares during the period. Rockshelter Capital Management LLC purchased a new stake in Dollar Tree in the second quarter valued at approximately $5,850,000. Shell Asset Management Co. grew its holdings in Dollar Tree by 368.4% in the third quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after purchasing an additional 56,906 shares during the period. South Dakota Investment Council purchased a new stake in Dollar Tree in the second quarter valued at approximately $804,000. Finally, Korea Investment CORP lifted its position in Dollar Tree by 170.4% during the third quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after buying an additional 35,600 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.
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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