Dollar Tree (NASDAQ:DLTR) Posts Earnings Results, Beats Estimates By $0.02 EPS

Dollar Tree (NASDAQ:DLTRGet 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

A number of analysts recently commented on the company. Gordon Haskett set a $163.00 price objective on Dollar Tree in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $171.00 to $176.00 and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Morgan Stanley reduced their price target on Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating for the company in a research report on Friday, August 26th. Truist Financial dropped their price objective on Dollar Tree from $178.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. Finally, OTR Global raised Dollar Tree from a “mixed” rating to a “positive” rating in a research note on Wednesday, November 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.24.

Dollar Tree Company Profile

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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.

See Also

Earnings History for Dollar Tree (NASDAQ:DLTR)

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