Dollar Tree (NASDAQ:DLTR) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.07-1.16 for the period, compared to the Thomson Reuters consensus estimate of $1.14. The company issued revenue guidance of $5.66-5.77 billion, compared to the consensus revenue estimate of $5.74 billion.Dollar Tree also updated its FY 2019 guidance to $4.90-5.11 EPS.
DLTR stock traded up $2.03 during midday trading on Friday, hitting $99.70. The stock had a trading volume of 110,175 shares, compared to its average volume of 2,458,173. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.85 and a beta of 0.52. Dollar Tree has a 52 week low of $78.78 and a 52 week high of $113.38. The stock has a 50-day simple moving average of $100.29 and a 200 day simple moving average of $102.92. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 1.45.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.72 billion. Dollar Tree had a positive return on equity of 19.13% and a negative net margin of 6.43%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.15 earnings per share. On average, equities analysts forecast that Dollar Tree will post 5.26 EPS for the current year.
Several research analysts have issued reports on the company. Deutsche Bank lowered Dollar Tree from a buy rating to a hold rating and dropped their price objective for the stock from $106.00 to $99.00 in a research note on Monday, August 5th. BidaskClub upgraded Dollar Tree from a sell rating to a hold rating in a research note on Thursday, August 15th. KeyCorp reiterated an overweight rating and set a $115.00 price objective (up from $108.00) on shares of Dollar Tree in a research note on Friday, May 31st. TheStreet lowered Dollar Tree from a b- rating to a c+ rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets dropped their price objective on Dollar Tree from $105.00 to $102.00 and set a market perform rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $105.02.
In other Dollar Tree news, Director Thomas A. Saunders sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $112.37, for a total value of $112,370.00. Following the sale, the director now owns 2,379,315 shares in the company, valued at approximately $267,363,626.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Duncan C. Macnaughton sold 9,157 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $102.11, for a total value of $935,021.27. Following the completion of the sale, the insider now owns 9,945 shares in the company, valued at approximately $1,015,483.95. The disclosure for this sale can be found here. Insiders have sold a total of 75,789 shares of company stock worth $8,203,018 in the last quarter. 1.40% of the stock is currently owned by company insiders.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, 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, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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