Equity research analysts expect Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) to post sales of $6.74 billion in the current quarter, according to Zacks. Ten analysts provided earnings estimates for Dollar Tree. The highest sales estimate is $6.80 billion and the lowest is $6.67 billion. Dollar Tree recorded sales of $6.48 billion in the same quarter last year, suggesting a positive growth rate of 4% year over year. The company is due to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Dollar Tree to record annual sales of $27.80 billion for the current year, with estimates ranging from $27.54 billion to $28.02 billion. For next year, analysts expect the company to register sales of $29.29 billion, with estimates ranging from $28.86 billion to $29.89 billion. Zacks sales calculations are an average average based on a survey of analysts who cover Dollar Tree.
Dollar Tree (NASDAQ:DLTR – Get Rating) last reported quarterly earnings data on Wednesday, March 2. The company reported earnings per share (EPS) of $2.01 for the quarter, beating the consensus estimate of $1.79 by $0.22. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The company posted revenue of $7.08 billion for the quarter, versus $7.12 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $2.13. Dollar Tree’s revenue increased 4.6% from the same quarter last year.
Several brokerages have recently published reports on DLTR. BMO Capital Markets upgraded Dollar Tree from a ‘market performer’ rating to an ‘outperformer’ rating and raised its price target for the stock from $155.00 to $170.00 in a research note Monday, February 28. Loop Capital upgraded Dollar Tree from a “hold” to a “buy” rating and raised its target price for the stock from $140.00 to $200.00 in a Wednesday, March 9 report. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a target price of $178.00 for the company in a Wednesday, April 13 report. Truist Financial launched coverage on Dollar Tree in a Thursday, January 13 report. They set a “buy” rating and a target price of $162.00 for the company. Finally, Guggenheim raised its price target on Dollar Tree from $165.00 to $175.00 and gave the stock a “buy” rating in a Thursday, March 3 report. One analyst gave the stock a sell rating, five gave the company a hold rating and fifteen gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $154.70.
NASDAQ:DLTR shares opened at $173.05 on Monday. Dollar Tree has a 52-week low of $84.26 and a 52-week high of $174.30. The stock has a market capitalization of $38.96 billion, a P/E ratio of 29.84, a price-to-earnings growth ratio of 1.41 and a beta of 0.75. The company’s 50-day moving average is $150.52 and its 200-day moving average is $134.20. The company has a quick ratio of 0.30, a current ratio of 1.34 and a debt ratio of 0.44.
In other Dollar Tree news, insider David A. Jacobs sold 542 shares of the company in a trade on Thursday, April 7. The stock was sold at an average price of $157.94, for a total value of $85,603.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director Daniel J. Heinrich purchased 425 shares of the company in a transaction on Monday, March 28. The stock was purchased at an average price of $156.09 per share, with a total value of $66,338.25. Disclosure of this purchase can be found here. 1.40% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently increased or reduced their stake in DLTR. Allworth Financial LP increased its holdings of Dollar Tree shares by 629.6% during the 4th quarter. Allworth Financial LP now owns 197 shares of the company worth $28,000 after purchasing an additional 170 shares during the period. Missouri Trust & Investment Co bought a new position in Dollar Tree during Q4 worth approximately $31,000. Hanson & Doremus Investment Management bought a new position in Dollar Tree during Q4, valued at around $32,000. Covestor Ltd bought a new position in Dollar Tree during Q4, valued at around $32,000. Finally, CVA Family Office LLC bought a new position in Dollar Tree during Q4 worth approximately $33,000. Institutional investors and hedge funds own 92.75% of the company’s shares.
About Dollar Tree (Get a rating)
Dollar Tree, Inc operates a variety of discount retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at a fixed price of $1.25. It provides consumable goods, including candy and food, healthcare and personal care, and everyday consumables, such as household paper and chemicals, as well as frozen and chilled foods; miscellaneous merchandise including toys, durable household items, gifts, stationery, party supplies, greeting cards, textile products, arts and crafts supplies and other items; and seasonal products that include Christmas, Easter, Halloween and Valentine’s Day products.
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