Dollar Tree (NASDAQ:DLTR) Updates FY 2022 Earnings Guidance

Dollar Tree (NASDAQ:DLTRGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $7.80-$8.20 for the period, compared to the consensus earnings per share estimate of $7.97. The company issued revenue guidance of $27.76 billion-$28.14 billion, compared to the consensus revenue estimate of $27.95 billion.Dollar Tree also updated its FY23 guidance to $7.80-8.20 EPS.

A number of brokerages have recently issued reports on DLTR. Piper Sandler raised Dollar Tree from a neutral rating to an overweight rating and lifted their target price for the stock from $157.00 to $181.00 in a research report on Wednesday, March 9th. Truist Financial decreased their price target on Dollar Tree from $165.00 to $147.00 and set a hold rating for the company in a research note on Thursday, May 19th. BMO Capital Markets upgraded Dollar Tree from a market perform rating to an outperform rating and lifted their price target for the stock from $155.00 to $170.00 in a research note on Monday, February 28th. StockNews.com downgraded Dollar Tree from a buy rating to a hold rating in a research note on Tuesday. Finally, Guggenheim lifted their price target on Dollar Tree from $165.00 to $175.00 and gave the stock a buy rating in a research note on Thursday, March 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of $151.10.

Shares of NASDAQ DLTR traded up $29.21 during midday trading on Thursday, hitting $162.80. 8,850,409 shares of the company’s stock were exchanged, compared to its average volume of 2,629,837. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.30. The stock’s 50 day moving average price is $159.05 and its 200-day moving average price is $144.81. The firm has a market cap of $36.72 billion, a P/E ratio of 28.07, a PEG ratio of 1.11 and a beta of 0.70. Dollar Tree has a twelve month low of $84.26 and a twelve month high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its quarterly earnings data on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.37. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The business had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect that Dollar Tree will post 7.86 EPS for the current fiscal year.

In other Dollar Tree news, insider David A. Jacobs sold 542 shares of the company’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $157.94, for a total value of $85,603.48. Following the transaction, the insider now owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Heinrich purchased 425 shares of the company’s stock in a transaction on Monday, March 28th. The stock was bought at an average cost of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DLTR. Ethic Inc. raised its stake in Dollar Tree by 3.8% during the 1st quarter. Ethic Inc. now owns 2,554 shares of the company’s stock valued at $409,000 after purchasing an additional 94 shares during the period. Evergreen Capital Management LLC raised its stake in Dollar Tree by 6.8% during the 1st quarter. Evergreen Capital Management LLC now owns 1,718 shares of the company’s stock valued at $275,000 after purchasing an additional 109 shares during the period. Wetherby Asset Management Inc. raised its stake in Dollar Tree by 3.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 4,699 shares of the company’s stock valued at $753,000 after purchasing an additional 151 shares during the period. Integrated Wealth Concepts LLC raised its stake in Dollar Tree by 2.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 7,619 shares of the company’s stock valued at $1,071,000 after purchasing an additional 162 shares during the period. Finally, Covestor Ltd raised its stake in Dollar Tree by 75.5% during the 1st quarter. Covestor Ltd now owns 402 shares of the company’s stock valued at $64,000 after purchasing an additional 173 shares during the period. 98.54% of the stock is currently owned by institutional investors.

About Dollar Tree (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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

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