Dollar Tree, Inc. to Post FY2021 Earnings of $6.40 Per Share, Oppenheimer Forecasts (DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) – Oppenheimer issued their FY2021 earnings per share (EPS) estimates for Dollar Tree in a research note issued on Thursday, January 10th. Oppenheimer analyst R. Parikh expects that the company will earn $6.40 per share for the year. Oppenheimer currently has a “Market Perform” rating and a $104.00 target price on the stock.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.03. The firm had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share.

A number of other brokerages have also commented on DLTR. Gordon Haskett upgraded Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price target on the stock in a report on Monday, January 7th. Buckingham Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a report on Tuesday. FIX lowered Dollar Tree from an “outperform” rating to a “market perform” rating in a report on Thursday. BMO Capital Markets assumed coverage on Dollar Tree in a report on Thursday. They issued a “market perform” rating on the stock. Finally, ValuEngine lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $100.96.

Shares of Dollar Tree stock opened at $97.28 on Friday. The stock has a market capitalization of $23.12 billion, a PE ratio of 20.02, a PEG ratio of 1.30 and a beta of 0.50. Dollar Tree has a one year low of $78.78 and a one year high of $116.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22.

Several large investors have recently added to or reduced their stakes in DLTR. FMR LLC increased its position in shares of Dollar Tree by 3.2% in the second quarter. FMR LLC now owns 19,156,070 shares of the company’s stock valued at $1,628,266,000 after acquiring an additional 600,688 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Dollar Tree by 7.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,996 shares of the company’s stock worth $1,275,000 after buying an additional 1,049 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Dollar Tree during the second quarter worth approximately $51,247,000. Van ECK Associates Corp increased its position in Dollar Tree by 21.7% during the second quarter. Van ECK Associates Corp now owns 21,189 shares of the company’s stock worth $1,801,000 after buying an additional 3,778 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in Dollar Tree by 17.8% during the second quarter. First Republic Investment Management Inc. now owns 14,676 shares of the company’s stock worth $1,247,000 after buying an additional 2,213 shares during the last quarter. 92.04% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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