Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Post Quarterly Sales of $6.07 Billion

Equities analysts expect that Dollar Tree, Inc. (NASDAQ:DLTR) will report sales of $6.07 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Dollar Tree’s earnings, with the lowest sales estimate coming in at $5.94 billion and the highest estimate coming in at $6.29 billion. Dollar Tree reported sales of $5.81 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, May 28th.

On average, analysts expect that Dollar Tree will report full-year sales of $24.62 billion for the current fiscal year, with estimates ranging from $24.33 billion to $25.05 billion. For the next fiscal year, analysts anticipate that the business will post sales of $25.50 billion, with estimates ranging from $25.09 billion to $25.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 4th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.03. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 19.71%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 EPS.

A number of equities research analysts have recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Dollar Tree in a report on Monday, May 18th. They issued a “buy” rating and a $89.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Dollar Tree from $95.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 17th. Cfra reduced their price objective on shares of Dollar Tree from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Raymond James restated a “market perform” rating on shares of Dollar Tree in a report on Monday, February 24th. Finally, Piper Sandler reduced their price objective on shares of Dollar Tree from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $96.81.

Shares of DLTR traded up $0.48 during midday trading on Wednesday, reaching $81.70. The stock had a trading volume of 2,390,532 shares, compared to its average volume of 2,100,005. Dollar Tree has a 1-year low of $60.20 and a 1-year high of $119.71. The company’s fifty day simple moving average is $77.14 and its two-hundred day simple moving average is $87.61. The company has a market cap of $19.23 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.58 and a beta of 0.54. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.20 and a quick ratio of 0.21.

In other Dollar Tree news, Director Lemuel E. Lewis acquired 500 shares of the stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $75.26 per share, with a total value of $37,630.00. Following the transaction, the director now owns 23,514 shares of the company’s stock, valued at approximately $1,769,663.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Citizens Financial Group Inc RI boosted its holdings in shares of Dollar Tree by 10.2% in the first quarter. Citizens Financial Group Inc RI now owns 1,395 shares of the company’s stock valued at $102,000 after acquiring an additional 129 shares in the last quarter. Boston Private Wealth LLC boosted its holdings in shares of Dollar Tree by 4.3% in the fourth quarter. Boston Private Wealth LLC now owns 3,560 shares of the company’s stock valued at $335,000 after acquiring an additional 148 shares in the last quarter. Cibc Bank USA boosted its holdings in shares of Dollar Tree by 2.0% in the fourth quarter. Cibc Bank USA now owns 8,118 shares of the company’s stock valued at $764,000 after acquiring an additional 157 shares in the last quarter. First Manhattan Co. boosted its holdings in shares of Dollar Tree by 23.7% in the first quarter. First Manhattan Co. now owns 866 shares of the company’s stock valued at $63,000 after acquiring an additional 166 shares in the last quarter. Finally, Buckingham Asset Management LLC boosted its holdings in shares of Dollar Tree by 3.1% in the fourth quarter. Buckingham Asset Management LLC now owns 5,625 shares of the company’s stock valued at $529,000 after acquiring an additional 168 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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

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