Dollar Tree, Inc. (DLTR) Releases Q4 Earnings Guidance

Dollar Tree, Inc. (NASDAQ:DLTR) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.80-1.89 for the period, compared to the Thomson Reuters consensus estimate of $1.80. The company issued revenue guidance of $6.32-6.43 billion, compared to the consensus revenue estimate of $6.37 billion.

Dollar Tree, Inc. (DLTR) opened at $97.11 on Tuesday. The company has a market capitalization of $22,410.00, a price-to-earnings ratio of 22.69, a PEG ratio of 1.54 and a beta of 0.59. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $97.24.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Monday, November 20th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. sell-side analysts predict that Dollar Tree, Inc. will post 4.66 EPS for the current fiscal year.

A number of research analysts recently issued reports on DLTR shares. Bank of America Corporation started coverage on Dollar Tree in a report on Friday, August 25th. They set a buy rating and a $91.00 target price on the stock. Deutsche Bank AG reaffirmed a buy rating and set a $98.00 target price (up from $95.00) on shares of Dollar Tree in a report on Thursday, August 24th. BTIG Research reaffirmed a buy rating and set a $98.00 target price on shares of Dollar Tree in a report on Wednesday, August 23rd. Loop Capital reaffirmed a buy rating and set a $86.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Buckingham Research reaffirmed a buy rating and set a $87.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Dollar Tree presently has an average rating of Buy and a consensus price target of $94.25.

In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $91.04, for a total value of $5,735,520.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of Dollar Tree stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the transaction, the chairman now directly owns 1,128,795 shares in the company, valued at $102,867,088.35. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock worth $22,808,837 over the last three months. 2.90% of the stock is owned by company insiders.

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About Dollar Tree

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.

Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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