Dollar Tree, Inc. (NASDAQ:DLTR) – Research analysts at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for shares of Dollar Tree in a research note issued to investors on Thursday. Oppenheimer analyst R. Parikh expects that the company will post earnings of $1.18 per share for the quarter. Oppenheimer has a “Outperform” rating and a $130.00 price target on the stock. Oppenheimer also issued estimates for Dollar Tree’s Q2 2019 earnings at $1.10 EPS, Q3 2019 earnings at $1.12 EPS and Q4 2019 earnings at $2.10 EPS.
A number of other research analysts have also recently commented on the company. Raymond James Financial set a $124.00 target price on Dollar Tree and gave the company a “buy” rating in a research note on Thursday, December 7th. Wells Fargo reissued an “outperform” rating and issued a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 16th. BidaskClub cut Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Moffett Nathanson assumed coverage on Dollar Tree in a research note on Monday, December 4th. They set a “buy” rating on the stock. Finally, Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Twelve research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $106.08.
Dollar Tree stock traded down $0.47 on Monday, reaching $94.10. The company had a trading volume of 1,232,528 shares, compared to its average volume of 3,021,091. The company has a market capitalization of $22,724.92, a PE ratio of 13.06, a PEG ratio of 1.17 and a beta of 0.80. 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 1-year low of $65.63 and a 1-year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS.
In other news, Director Conrad M. Hall bought 10,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was bought at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at approximately $73,372.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. DSM Capital Partners LLC lifted its holdings in Dollar Tree by 1,443,950.0% in the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after buying an additional 1,212,918 shares during the period. Victory Capital Management Inc. lifted its holdings in Dollar Tree by 2,567.0% in the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after buying an additional 573,238 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Dollar Tree by 37.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,018,412 shares of the company’s stock worth $175,213,000 after buying an additional 549,724 shares during the period. Capital Growth Management LP purchased a new stake in Dollar Tree in the fourth quarter worth about $49,363,000. Finally, Eagle Asset Management Inc. lifted its holdings in Dollar Tree by 1,332.1% in the fourth quarter. Eagle Asset Management Inc. now owns 398,003 shares of the company’s stock worth $42,730,000 after buying an additional 370,211 shares during the period. Institutional investors own 90.94% of the company’s stock.
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Dollar Tree Company Profile
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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