Dollar Tree (NASDAQ:DLTR) Releases FY 2022 Earnings Guidance

Dollar Tree (NASDAQ:DLTRGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $7.80-$8.20 for the period, compared to the consensus EPS estimate of $7.97. The company issued revenue guidance of $27.76 billion-$28.14 billion, compared to the consensus revenue estimate of $27.95 billion. Dollar Tree also updated its Q2 2022 guidance to $1.45-$1.55 EPS.

NASDAQ:DLTR traded down $0.62 during trading hours on Thursday, hitting $154.41. The company’s stock had a trading volume of 42,312 shares, compared to its average volume of 2,480,249. The stock has a market capitalization of $34.67 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70. The stock has a fifty day moving average of $158.46 and a 200-day moving average of $148.26. The company has a current ratio of 1.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. Dollar Tree has a 52-week low of $84.26 and a 52-week high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its earnings results on Thursday, May 26th. The company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.00 by $0.37. The firm had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. Dollar Tree’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, sell-side analysts forecast that Dollar Tree will post 8.15 earnings per share for the current year.

Several equities analysts recently commented on DLTR shares. Barclays increased their target price on Dollar Tree from $140.00 to $150.00 and gave the company an equal weight rating in a report on Friday, May 27th. BMO Capital Markets raised their price objective on Dollar Tree from $180.00 to $187.00 in a report on Friday, May 27th. Citigroup raised their price objective on Dollar Tree from $162.00 to $190.00 and gave the stock a buy rating in a report on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on Dollar Tree from $180.00 to $179.00 in a report on Wednesday, May 25th. Finally, Piper Sandler raised their price objective on Dollar Tree from $181.00 to $191.00 in a report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $163.82.

In related news, insider David A. Jacobs sold 542 shares of the firm’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the completion of the sale, the insider now owns 17,085 shares in the company, valued at $2,698,404.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Heinrich acquired 425 shares of Dollar Tree stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average price of $156.09 per share, with a total value of $66,338.25. The disclosure for this purchase can be found here. Company insiders own 5.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in shares of Dollar Tree by 25.3% during the 1st quarter. Advisory Services Network LLC now owns 8,970 shares of the company’s stock valued at $1,437,000 after acquiring an additional 1,809 shares during the period. Sawtooth Solutions LLC acquired a new stake in shares of Dollar Tree during the 1st quarter valued at approximately $222,000. Capital Research Global Investors lifted its position in shares of Dollar Tree by 14.8% during the 1st quarter. Capital Research Global Investors now owns 1,213,306 shares of the company’s stock valued at $194,311,000 after acquiring an additional 156,187 shares during the period. Capital International Investors increased its stake in shares of Dollar Tree by 18.2% during the 1st quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock worth $570,592,000 after purchasing an additional 548,597 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new position in shares of Dollar Tree during the 1st quarter worth approximately $208,000. Institutional investors own 98.54% of the company’s stock.

About Dollar Tree (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.

Further Reading

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

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