Dollar Tree, Inc. (NASDAQ:DLTR) – Research analysts at Jefferies Group raised their Q3 2018 EPS estimates for shares of Dollar Tree in a research report issued on Monday. Jefferies Group analyst D. Binder now expects that the company will post earnings per share of $0.92 for the quarter, up from their prior forecast of $0.89. Jefferies Group has a “Hold” rating and a $85.00 price target on the stock. Jefferies Group also issued estimates for Dollar Tree’s FY2018 earnings at $4.71 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.82 EPS, FY2019 earnings at $5.02 EPS, FY2020 earnings at $5.46 EPS, FY2021 earnings at $5.95 EPS and FY2022 earnings at $6.51 EPS.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year.
Several other analysts have also recently weighed in on the stock. UBS AG raised their target price on shares of Dollar Tree from $100.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) began coverage on shares of Dollar Tree in a report on Tuesday. They issued a “buy” rating and a $106.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Friday. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, November 8th. Finally, Wells Fargo & Company began coverage on shares of Dollar Tree in a report on Friday, November 3rd. They issued an “outperform” rating and a $106.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $93.00.
Dollar Tree (NASDAQ:DLTR) traded down $1.37 during midday trading on Tuesday, hitting $93.69. 1,738,400 shares of the stock traded hands, compared to its average volume of 2,731,102. The stock has a market capitalization of $22,514.46, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $95.64. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95.
A number of large investors have recently bought and sold shares of DLTR. Bank of Montreal Can grew its position in Dollar Tree by 42.0% in the 2nd quarter. Bank of Montreal Can now owns 271,604 shares of the company’s stock valued at $18,991,000 after buying an additional 80,337 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Dollar Tree by 1.2% in the 2nd quarter. Gateway Investment Advisers LLC now owns 46,086 shares of the company’s stock valued at $3,222,000 after buying an additional 525 shares during the last quarter. State of Alaska Department of Revenue grew its position in Dollar Tree by 17.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,594 shares of the company’s stock valued at $181,000 after buying an additional 390 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Dollar Tree in the 2nd quarter valued at $156,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in Dollar Tree by 509.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 38,318 shares of the company’s stock valued at $2,679,000 after buying an additional 32,030 shares during the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s stock.
In related news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,449 shares of company stock worth $22,808,837. Insiders own 2.90% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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