Dollar Tree, Inc. (NASDAQ:DLTR) – Research analysts at Oppenheimer reduced their FY2021 earnings per share estimates for shares of Dollar Tree in a report issued on Monday, December 9th, Zacks Investment Research reports. Oppenheimer analyst R. Parikh now forecasts that the company will earn $5.20 per share for the year, down from their prior forecast of $5.50. Oppenheimer also issued estimates for Dollar Tree’s FY2022 earnings at $5.60 EPS.
A number of other research analysts have also weighed in on DLTR. Citigroup reduced their price objective on Dollar Tree from $120.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Credit Suisse Group reduced their target price on Dollar Tree from $125.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Dollar Tree in a research report on Monday, December 9th. ValuEngine lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Atlantic Securities downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and set a $102.00 price target for the company. in a report on Friday, November 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $105.78.
DLTR stock traded down $0.27 during trading on Tuesday, hitting $93.78. 2,157,025 shares of the company traded hands, compared to its average volume of 2,789,828. Dollar Tree has a 1 year low of $88.26 and a 1 year high of $119.71. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.16 and a current ratio of 1.09. The firm has a market capitalization of $22.13 billion, a PE ratio of 17.21, a P/E/G ratio of 1.91 and a beta of 0.45. The company has a 50-day moving average of $96.42 and a 200-day moving average of $104.92.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Dollar Tree had a negative net margin of 6.82% and a positive return on equity of 20.85%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $89.49 per share, for a total transaction of $89,490.00. Following the acquisition, the director now owns 22,114 shares in the company, valued at approximately $1,978,981.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bob Sasser sold 70,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $115.92, for a total value of $8,114,400.00. Following the completion of the sale, the chairman now owns 719 shares of the company’s stock, valued at approximately $83,346.48. The disclosure for this sale can be found here. Insiders have sold 72,719 shares of company stock worth $8,427,984 over the last three months. Insiders own 1.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Dollar Tree in the second quarter worth approximately $80,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Dollar Tree by 123.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,615 shares of the company’s stock worth $5,113,000 after purchasing an additional 26,260 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Dollar Tree by 7.3% in the second quarter. Janney Montgomery Scott LLC now owns 23,548 shares of the company’s stock worth $2,529,000 after purchasing an additional 1,593 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in Dollar Tree by 55.4% in the second quarter. Berman Capital Advisors LLC now owns 474 shares of the company’s stock worth $50,000 after purchasing an additional 169 shares in the last quarter. Finally, AGF Investments LLC raised its holdings in Dollar Tree by 24.4% in the second quarter. AGF Investments LLC now owns 2,750 shares of the company’s stock worth $295,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 93.45% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty 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, and other items; and seasonal goods that include Valentine’s Day, Easter, Halloween, and Christmas merchandise.
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