Dollar Tree (NASDAQ:DLTR – Get Rating) announced its quarterly earnings results on Tuesday. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02, Briefing.com reports. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The business had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Dollar Tree updated its FY 2022 guidance to $7.10-$7.25 EPS and its Q4 2022 guidance to EPS.
Dollar Tree Stock Performance
Shares of NASDAQ DLTR traded down $2.23 during trading hours on Thursday, hitting $150.14. 2,751,262 shares of the company’s stock were exchanged, compared to its average volume of 2,432,106. Dollar Tree has a 1-year low of $123.62 and a 1-year high of $177.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22. The stock has a market capitalization of $33.62 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.73. The company’s 50-day moving average price is $148.69 and its 200-day moving average price is $153.94.
Hedge Funds Weigh In On Dollar Tree
A number of hedge funds have recently modified their holdings of DLTR. Fairfield Bush & CO. bought a new position in Dollar Tree in the 1st quarter valued at $86,000. Raymond James Trust N.A. boosted its position in Dollar Tree by 36.5% in the 1st quarter. Raymond James Trust N.A. now owns 3,335 shares of the company’s stock valued at $534,000 after buying an additional 892 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Dollar Tree in the 1st quarter valued at $336,000. Candriam Luxembourg S.C.A. lifted its stake in shares of Dollar Tree by 9.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 12,417 shares of the company’s stock valued at $1,988,000 after purchasing an additional 1,081 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Dollar Tree by 21.1% in the 1st quarter. Baird Financial Group Inc. now owns 16,198 shares of the company’s stock valued at $2,594,000 after purchasing an additional 2,825 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Dollar Tree Company Profile
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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