Dollar Tree (DLTR) Posts Earnings Results, Misses Estimates By $0.04 EPS

Dollar Tree (NASDAQ:DLTR) issued its quarterly earnings data on Thursday. The company reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04), Bloomberg Earnings reports. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.56 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. Dollar Tree updated its Q2 guidance to $1.07-1.16 EPS and its FY19 guidance to $5.32-5.62 EPS.

DLTR opened at $82.59 on Friday. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $116.65.

In other Dollar Tree news, insider Robert H. Rudman sold 6,074 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $93.95, for a total value of $570,652.30. Following the completion of the sale, the insider now owns 11,170 shares in the company, valued at approximately $1,049,421.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arnold S. Barron sold 6,023 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total value of $569,113.27. Following the completion of the sale, the director now owns 26,667 shares of the company’s stock, valued at approximately $2,519,764.83. The disclosure for this sale can be found here. Insiders sold a total of 14,861 shares of company stock worth $1,398,752 in the last ninety days. Insiders own 1.50% of the company’s stock.

DLTR has been the topic of a number of analyst reports. Loop Capital increased their price objective on Dollar Tree from $94.00 to $100.00 and gave the company a “hold” rating in a report on Monday, February 12th. They noted that the move was a valuation call. OTR Global initiated coverage on Dollar Tree in a report on Tuesday, February 20th. They set a “positive” rating on the stock. Wells Fargo & Co reissued an “outperform” rating and set a $128.00 price objective (down previously from $138.00) on shares of Dollar Tree in a report on Tuesday, February 27th. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Jefferies Group reissued a “neutral” rating on shares of Dollar Tree in a report on Wednesday, March 7th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and an average target price of $110.11.

About Dollar Tree

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.

Earnings History for Dollar Tree (NASDAQ:DLTR)

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