Dollar Tree (NASDAQ:DLTR – Get Rating) will release its earnings data before the market opens on Wednesday, March 1st. Analysts expect Dollar Tree to post earnings of $2.02 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the business earned $0.96 EPS. Dollar Tree’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts expect Dollar Tree to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Dollar Tree Stock Performance
Shares of Dollar Tree stock opened at $146.42 on Wednesday. The company has a 50 day moving average of $146.13 and a 200-day moving average of $148.39. Dollar Tree has a 1-year low of $124.76 and a 1-year high of $177.19. The company has a current ratio of 1.38, a quick ratio of 0.17 and a debt-to-equity ratio of 0.41. The company has a market cap of $32.79 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.27 and a beta of 0.70.
Hedge Funds Weigh In On Dollar Tree
Several institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. bought a new stake in Dollar Tree during the 4th quarter worth approximately $265,000. GHP Investment Advisors Inc. raised its stake in Dollar Tree by 14.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 13,414 shares of the company’s stock worth $1,897,000 after acquiring an additional 1,672 shares during the period. Resurgent Financial Advisors LLC bought a new stake in Dollar Tree during the 4th quarter worth approximately $70,000. United Capital Financial Advisers LLC bought a new stake in Dollar Tree during the 4th quarter worth approximately $225,000. Finally, Public Employees Retirement System of Ohio raised its stake in Dollar Tree by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 112,119 shares of the company’s stock worth $15,858,000 after acquiring an additional 1,126 shares during the period. Institutional investors own 97.04% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Dollar Tree from $163.00 to $194.00 in a research note on Wednesday, November 23rd. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to an “accumulate” rating and set a $163.00 price objective on the stock. in a research note on Tuesday, January 24th. Barclays initiated coverage on shares of Dollar Tree in a research report on Tuesday, February 7th. They set an “equal weight” rating and a $145.00 price target on the stock. TheStreet raised shares of Dollar Tree from a “c+” rating to a “b-” rating in a research report on Monday, October 31st. Finally, OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $170.81.
About Dollar Tree
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.