Equities Analysts Offer Predictions for Dollar Tree, Inc.’s FY2018 Earnings (DLTR)
Dollar Tree, Inc. (NASDAQ:DLTR) – Analysts at Oppenheimer issued their FY2018 earnings per share estimates for Dollar Tree in a note issued to investors on Tuesday. Oppenheimer analyst R. Parikh anticipates that the company will post earnings of $4.84 per share for the year. Oppenheimer currently has a “Outperform” rating and a $130.00 price target on the stock. Oppenheimer also issued estimates for Dollar Tree’s Q4 2018 earnings at $1.86 EPS, FY2019 earnings at $5.31 EPS and FY2020 earnings at $5.91 EPS.
Several other equities analysts have also recently issued reports on DLTR. Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price target on shares of Dollar Tree in a research report on Friday, September 29th. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Wednesday, October 11th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a report on Friday, October 13th. Finally, Royal Bank of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $105.04.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. Dollar Tree’s quarterly revenue was up 6.3% on a year-over-year basis.
In related news, CFO Kevin S. Wampler sold 12,559 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the transaction, the chief financial officer now owns 77,164 shares in the company, valued at $8,016,567.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Jacobs sold 9,192 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total transaction of $917,361.60. Following the transaction, the insider now owns 13,199 shares in the company, valued at approximately $1,317,260.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,132 shares of company stock worth $28,348,680. 4.10% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of DLTR. Macquarie Group Ltd. lifted its position in Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the period. FMR LLC raised its position in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after acquiring an additional 5,724,495 shares during the period. Maverick Capital Ltd. raised its position in Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after acquiring an additional 3,777,579 shares during the period. DSM Capital Partners LLC raised its position in Dollar Tree by 1,443,950.0% in the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after acquiring an additional 1,212,918 shares during the period. Finally, Mar Vista Investment Partners LLC bought a new position in Dollar Tree in the third quarter worth approximately $100,828,000. Institutional investors own 89.74% of the company’s stock.
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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