Dollar Tree, Inc. (NASDAQ:DLTR) – Analysts at KeyCorp issued their Q1 2019 earnings estimates for Dollar Tree in a note issued to investors on Wednesday, Zacks Investment Research reports. KeyCorp analyst B. Thomas forecasts that the company will earn $1.25 per share for the quarter. KeyCorp also issued estimates for Dollar Tree’s Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.17 EPS and Q4 2019 earnings at $2.03 EPS.
A number of other equities analysts have also recently issued reports on the company. Guggenheim restated a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Bank of America lifted their target price on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. BidaskClub cut Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Raymond James Financial set a $124.00 target price on Dollar Tree and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Moffett Nathanson began coverage on Dollar Tree in a report on Monday, December 4th. They issued a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $108.39.
Shares of DLTR stock traded down $0.50 during mid-day trading on Friday, hitting $94.40. 2,593,638 shares of the stock traded hands, compared to its average volume of 3,008,472. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $116.65. The stock has a market cap of $22,523.19, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same quarter last year, the business posted $1.36 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Exane Derivatives acquired a new stake in Dollar Tree during the fourth quarter valued at $104,000. Cerebellum GP LLC acquired a new stake in Dollar Tree during the fourth quarter valued at $127,000. FTB Advisors Inc. boosted its position in Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares during the last quarter. First Personal Financial Services bought a new position in Dollar Tree during the fourth quarter valued at about $165,000. Finally, Zions Bancorporation raised its holdings in Dollar Tree by 6,912.9% during the third quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock valued at $189,000 after buying an additional 2,143 shares in the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Arnold S. Barron sold 6,023 shares of Dollar Tree stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total transaction of $569,113.27. Following the completion of the sale, the director now owns 26,667 shares of the company’s stock, valued at $2,519,764.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Conrad M. Hall acquired 10,000 shares of Dollar Tree stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the transaction, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company’s stock.
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About Dollar Tree
Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in 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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