Dollar Tree, Inc. (DLTR) Releases Earnings Results

Dollar Tree, Inc. (NASDAQ:DLTR) issued its earnings results on Wednesday. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The company earned $5.64 billion during the quarter, compared to analyst estimates of $5.62 billion. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. Dollar Tree updated its Q1 guidance to $0.91-0.98 EPS and its FY18 guidance to $4.20-4.56 EPS.

Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.56% on Friday, reaching $77.61. 2,066,277 shares of the company traded hands. Dollar Tree has a 52-week low of $72.55 and a 52-week high of $99.93. The stock has a 50 day moving average of $76.61 and a 200 day moving average of $78.98. The stock has a market cap of $18.34 billion, a price-to-earnings ratio of 20.53 and a beta of 0.62.

Earnings History for Dollar Tree (NASDAQ:DLTR)

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A number of equities research analysts have issued reports on DLTR shares. BMO Capital Markets reissued a “market perform” rating and set a $96.00 target price (up previously from $95.00) on shares of Dollar Tree in a research note on Saturday, December 10th. Barclays PLC reissued an “equal weight” rating and set a $84.00 target price on shares of Dollar Tree in a research note on Wednesday, December 28th. Royal Bank of Canada reissued a “buy” rating and set a $108.00 target price on shares of Dollar Tree in a research note on Thursday, January 5th. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, January 10th. Finally, Goldman Sachs Group Inc reissued a “buy” rating and set a $97.00 target price on shares of Dollar Tree in a research note on Thursday, January 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $87.19.

In other news, insider Robert H. Rudman sold 2,559 shares of the stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $78.34, for a total transaction of $200,472.06. Following the completion of the sale, the insider now owns 4,893 shares of the company’s stock, valued at $383,317.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mike R. Matacunas sold 6,756 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $76.81, for a total transaction of $518,928.36. Following the sale, the insider now directly owns 8,088 shares of the company’s stock, valued at approximately $621,239.28. The disclosure for this sale can be found here. Insiders have sold 18,662 shares of company stock valued at $1,437,887 in the last three months. 4.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Lone Pine Capital LLC increased its position in Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock valued at $1,259,249,000 after buying an additional 1,755,667 shares during the period. FMR LLC increased its position in Dollar Tree by 9.3% in the fourth quarter. FMR LLC now owns 11,334,484 shares of the company’s stock valued at $874,795,000 after buying an additional 966,210 shares during the period. State Street Corp increased its position in Dollar Tree by 2.5% in the fourth quarter. State Street Corp now owns 9,646,991 shares of the company’s stock valued at $744,560,000 after buying an additional 236,674 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Dollar Tree by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,089,909 shares of the company’s stock valued at $480,677,000 after buying an additional 78,952 shares during the period. Finally, Wells Fargo & Company MN increased its position in Dollar Tree by 6.4% in the third quarter. Wells Fargo & Company MN now owns 5,547,050 shares of the company’s stock valued at $437,829,000 after buying an additional 331,891 shares during the period. 93.78% of the stock is owned by institutional investors.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

5 Day Chart for NASDAQ:DLTR

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