Dollar Tree (NASDAQ:DLTR) Posts Quarterly Earnings Results, Beats Expectations By $0.37 EPS

Dollar Tree (NASDAQ:DLTRGet Rating) issued its quarterly earnings results on Thursday. The company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.37, MarketWatch Earnings reports. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.77 billion. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS.

NASDAQ:DLTR opened at $162.80 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.30. The company has a market capitalization of $36.72 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.11 and a beta of 0.70. Dollar Tree has a 1 year low of $84.26 and a 1 year high of $177.19. The business has a fifty day simple moving average of $159.05 and a two-hundred day simple moving average of $144.81.

In other news, insider David A. Jacobs sold 542 shares of the firm’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $157.94, for a total transaction of $85,603.48. Following the sale, the insider now owns 17,085 shares in the company, valued at approximately $2,698,404.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel J. Heinrich bought 425 shares of Dollar Tree stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average cost of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Heritage Wealth Advisors increased its holdings in Dollar Tree by 85.5% during the 4th quarter. Heritage Wealth Advisors now owns 434 shares of the company’s stock valued at $61,000 after purchasing an additional 200 shares during the period. Covestor Ltd raised its holdings in Dollar Tree by 75.5% in the first quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after purchasing an additional 173 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Dollar Tree by 128.3% during the first quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock valued at $67,000 after buying an additional 236 shares during the period. Carolinas Wealth Consulting LLC boosted its holdings in shares of Dollar Tree by 761.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 517 shares of the company’s stock valued at $83,000 after buying an additional 457 shares in the last quarter. Finally, Fairfield Bush & CO. purchased a new stake in shares of Dollar Tree in the 1st quarter worth about $86,000. Institutional investors own 98.54% of the company’s stock.

Several research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Dollar Tree from $165.00 to $147.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft cut their price target on Dollar Tree from $180.00 to $179.00 in a report on Wednesday. Barclays lifted their price objective on shares of Dollar Tree from $140.00 to $150.00 in a research note on Friday. Guggenheim increased their target price on shares of Dollar Tree from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 3rd. Finally, Piper Sandler lifted their price target on shares of Dollar Tree from $181.00 to $191.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $152.10.

Dollar Tree Company Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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Earnings History for Dollar Tree (NASDAQ:DLTR)

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