Brokerages forecast that Dollar Tree, Inc. (NASDAQ:DLTR) will post sales of $5.80 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Dollar Tree’s earnings, with the lowest sales estimate coming in at $5.76 billion and the highest estimate coming in at $5.82 billion. Dollar Tree reported sales of $5.55 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is expected to announce its next quarterly earnings report on Thursday, May 30th.

According to Zacks, analysts expect that Dollar Tree will report full year sales of $23.73 billion for the current financial year, with estimates ranging from $23.53 billion to $23.96 billion. For the next financial year, analysts anticipate that the business will post sales of $24.83 billion, with estimates ranging from $24.53 billion to $25.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.01. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 earnings per share.

A number of analysts have commented on the company. TheStreet cut Dollar Tree from a “b” rating to a “c” rating in a research report on Wednesday, March 6th. Bank of America set a $115.00 price target on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 7th. BMO Capital Markets set a $105.00 price target on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley upped their price target on Dollar Tree from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $101.74.

DLTR traded down $0.91 during midday trading on Tuesday, reaching $99.74. The company had a trading volume of 29,079 shares, compared to its average volume of 2,565,080. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. The stock has a market cap of $24.38 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.01 and a beta of 0.42. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $104.49.

In other Dollar Tree news, insider William A. Old, Jr. sold 6,580 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $102.75, for a total transaction of $676,095.00. Following the completion of the transaction, the insider now owns 8,960 shares in the company, valued at approximately $920,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael A. Witynski sold 6,380 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $102.83, for a total value of $656,055.40. Following the transaction, the chief operating officer now owns 12,381 shares of the company’s stock, valued at approximately $1,273,138.23. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Graves Light Private Wealth Management Inc. bought a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $233,000. Bank of Montreal Can lifted its stake in shares of Dollar Tree by 19.3% in the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock valued at $28,254,000 after purchasing an additional 50,536 shares during the last quarter. Huntington National Bank lifted its stake in shares of Dollar Tree by 38.3% in the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock valued at $18,193,000 after purchasing an additional 55,831 shares during the last quarter. Clean Yield Group bought a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $45,000. Finally, United Services Automobile Association lifted its stake in shares of Dollar Tree by 0.8% in the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock valued at $11,592,000 after purchasing an additional 1,143 shares during the last quarter. Institutional investors and hedge funds own 94.37% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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