$2.00 EPS Expected for Dollar Tree, Inc. (NASDAQ:DLTR) This Quarter

Brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) to announce $2.00 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Dollar Tree’s earnings, with estimates ranging from $1.85 to $2.21. Dollar Tree reported earnings of $1.60 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Dollar Tree will report full-year earnings of $7.91 per share for the current financial year, with EPS estimates ranging from $7.80 to $8.00. For the next fiscal year, analysts forecast that the firm will post earnings of $8.84 per share, with EPS estimates ranging from $8.15 to $9.07. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Dollar Tree.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.22. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.

Several equities analysts have recently issued reports on DLTR shares. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $169.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. BMO Capital Markets upgraded shares of Dollar Tree from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $155.00 to $170.00 in a research report on Monday, February 28th. Piper Sandler upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $157.00 to $181.00 in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Dollar Tree from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Monday, February 28th. Finally, StockNews.com upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Buy” and a consensus target price of $154.70.

NASDAQ:DLTR traded up $0.21 on Friday, hitting $159.40. The company had a trading volume of 1,838,428 shares, compared to its average volume of 1,929,909. The stock has a market capitalization of $35.88 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.27 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $160.75 and a two-hundred day moving average of $142.81. Dollar Tree has a 52 week low of $84.26 and a 52 week high of $177.19.

In other news, insider David A. Jacobs sold 542 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the sale, the insider now owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Heinrich purchased 425 shares of the stock in a transaction dated Monday, March 28th. The stock was acquired at an average cost of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in Dollar Tree by 629.6% in the 4th quarter. Allworth Financial LP now owns 197 shares of the company’s stock worth $28,000 after buying an additional 170 shares in the last quarter. Missouri Trust & Investment Co purchased a new position in Dollar Tree in the 4th quarter worth approximately $31,000. Hanson & Doremus Investment Management purchased a new position in Dollar Tree in the 4th quarter worth approximately $32,000. Covestor Ltd purchased a new stake in shares of Dollar Tree in the 4th quarter valued at $32,000. Finally, Karlinski Andrew C purchased a new stake in shares of Dollar Tree in the 1st quarter valued at $32,000. 98.54% of the stock is currently owned by institutional investors and hedge funds.

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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