Dollar Tree, Inc. (NASDAQ:DLTR) – Stock analysts at Jefferies Group decreased their Q1 2019 earnings estimates for Dollar Tree in a research report issued to clients and investors on Wednesday. Jefferies Group analyst D. Binder now anticipates that the company will post earnings per share of $1.23 for the quarter, down from their previous estimate of $1.33. Jefferies Group currently has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Dollar Tree’s Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.95 EPS, FY2019 earnings at $5.43 EPS and FY2020 earnings at $5.95 EPS.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share.
Dollar Tree (NASDAQ DLTR) opened at $92.70 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The firm has a market capitalization of $21,978.84, a P/E ratio of 12.86, a PEG ratio of 1.18 and a beta of 0.80. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $116.65.
Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives acquired a new stake in shares of Dollar Tree in the 4th quarter worth $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree in the 4th quarter worth $127,000. FTB Advisors Inc. increased its stake in shares of Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Dollar Tree in the 4th quarter worth $165,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Dollar Tree by 38.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after acquiring an additional 528 shares during the last quarter. 90.97% of the stock is owned by institutional investors and hedge funds.
In other news, Director Conrad M. Hall acquired 10,000 shares of Dollar Tree stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now owns 799 shares in the company, valued at $73,372.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.
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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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