Dollar Tree (NASDAQ:DLTR) Posts Quarterly Earnings Results

Dollar Tree (NASDAQ:DLTRGet Rating) issued its quarterly earnings data on Tuesday. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02, Briefing.com reports. The company had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.84 billion. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. Dollar Tree updated its FY 2022 guidance to $7.10-$7.25 EPS and its Q4 2022 guidance to EPS.

Dollar Tree Trading Down 1.5 %

Shares of DLTR traded down $2.23 during mid-day trading on Thursday, reaching $150.14. The company had a trading volume of 2,751,262 shares, compared to its average volume of 2,432,106. The stock has a market cap of $33.62 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The firm has a fifty day simple moving average of $148.69 and a 200-day simple moving average of $153.94. Dollar Tree has a fifty-two week low of $123.62 and a fifty-two week high of $177.19. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in shares of Dollar Tree by 21.8% in the 3rd quarter. Captrust Financial Advisors now owns 12,420 shares of the company’s stock valued at $1,690,000 after purchasing an additional 2,224 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new position in shares of Dollar Tree during the 3rd quarter valued at $35,000. Balyasny Asset Management LLC lifted its holdings in shares of Dollar Tree by 245.6% during the 3rd quarter. Balyasny Asset Management LLC now owns 14,560 shares of the company’s stock valued at $1,982,000 after acquiring an additional 24,560 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Dollar Tree by 0.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock valued at $2,483,000 after acquiring an additional 82 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new position in shares of Dollar Tree during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Gordon Haskett set a $163.00 target price on shares of Dollar Tree in a research note on Tuesday. Piper Sandler decreased their target price on shares of Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday, August 26th. StockNews.com assumed coverage on shares of Dollar Tree in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley decreased their target price on shares of Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, August 26th. Finally, Truist Financial set a $170.00 price objective on shares of Dollar Tree in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has an average rating of “Moderate Buy” and a consensus price target of $168.35.

About Dollar Tree

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Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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Earnings History for Dollar Tree (NASDAQ:DLTR)

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