Dollar Tree (NASDAQ:DLTR) Releases Q2 2022 Earnings Guidance

Dollar Tree (NASDAQ:DLTRGet Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.45-$1.55 for the period, compared to the consensus estimate of $1.71. The company issued revenue guidance of $6.65 billion-$6.78 billion, compared to the consensus revenue estimate of $6.75 billion. Dollar Tree also updated its FY 2022 guidance to $7.80-$8.20 EPS.

Several research firms recently commented on DLTR. StockNews.com raised shares of Dollar Tree from a hold rating to a buy rating in a research note on Tuesday. Barclays raised their price objective on shares of Dollar Tree from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Friday, May 27th. Truist Financial raised their price objective on shares of Dollar Tree to $178.00 in a research note on Friday, May 27th. Morgan Stanley raised their price objective on shares of Dollar Tree from $150.00 to $160.00 and gave the stock an equal weight rating in a research note on Friday, May 27th. Finally, Guggenheim raised their price objective on shares of Dollar Tree to $185.00 in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $163.82.

NASDAQ DLTR traded down $0.62 during midday trading on Thursday, hitting $154.41. The company had a trading volume of 42,312 shares, compared to its average volume of 2,480,249. The company has a quick ratio of 0.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. The stock has a market cap of $34.67 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.24 and a beta of 0.70. The firm has a fifty day simple moving average of $158.46 and a two-hundred day simple moving average of $148.26. Dollar Tree has a fifty-two week low of $84.26 and a fifty-two week high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings results 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 net margin of 5.57% and a return on equity of 19.71%. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same period last year, the business posted $1.60 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree will post 8.15 earnings per share for the current year.

In other Dollar Tree news, Director Daniel J. Heinrich bought 425 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were acquired at an average cost of $156.09 per share, for a total transaction of $66,338.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Jacobs sold 542 shares of the business’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $157.94, for a total transaction of $85,603.48. Following the completion of the transaction, the insider now owns 17,085 shares in the company, valued at $2,698,404.90. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of Dollar Tree by 75.5% in the first quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after acquiring an additional 173 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 128.3% in the first quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock worth $67,000 after acquiring an additional 236 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of Dollar Tree by 761.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 517 shares of the company’s stock worth $83,000 after acquiring an additional 457 shares during the last quarter. Fairfield Bush & CO. bought a new position in shares of Dollar Tree in the first quarter worth about $86,000. Finally, Gabelli Funds LLC bought a new position in shares of Dollar Tree in the first quarter worth about $208,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.

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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