Dollar Tree, Inc. (DLTR) Expected to Announce Quarterly Sales of $5.55 Billion

Analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to post $5.55 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Dollar Tree’s earnings. The lowest sales estimate is $5.50 billion and the highest is $5.59 billion. Dollar Tree posted sales of $5.32 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The business is expected to announce its next earnings report before the market opens on Thursday, November 29th.

On average, analysts expect that Dollar Tree will report full year sales of $22.89 billion for the current year, with estimates ranging from $22.80 billion to $22.96 billion. For the next fiscal year, analysts forecast that the company will post sales of $24.15 billion, with estimates ranging from $24.00 billion to $24.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS.

DLTR has been the topic of several research analyst reports. Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $100.00 to $90.00 in a research report on Friday, August 31st. Credit Suisse Group upgraded shares of Dollar Tree to a “buy” rating and set a $96.00 price objective on the stock in a research report on Thursday, August 30th. Royal Bank of Canada lowered their price objective on shares of Dollar Tree from $96.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday, October 11th. OTR Global cut shares of Dollar Tree to a “positive” rating in a research report on Wednesday, August 22nd. Finally, JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $113.00 to $90.00 in a research report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Hold” and an average target price of $101.90.

In related news, Director Lemuel E. Lewis purchased 1,210 shares of the stock in a transaction dated Thursday, September 27th. The shares were acquired at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the acquisition, the director now directly owns 20,114 shares in the company, valued at approximately $1,664,433.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Price Capital Management Inc. purchased a new position in shares of Dollar Tree during the 3rd quarter valued at $106,000. SRS Capital Advisors Inc. lifted its stake in shares of Dollar Tree by 252.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the last quarter. Signet Financial Management LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at $121,000. Stelac Advisory Services LLC acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at $121,000. Finally, grace capital acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at $153,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dollar Tree stock traded up $0.88 during mid-day trading on Friday, hitting $83.01. The company’s stock had a trading volume of 1,208,966 shares, compared to its average volume of 2,374,541. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. Dollar Tree has a twelve month low of $78.78 and a twelve month high of $116.65.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 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.

Further Reading: What is the Coverage Ratio?

Get a free copy of the Zacks research report on Dollar Tree (DLTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply