Dollar Tree, Inc. (NASDAQ:DLTR) – Equities research analysts at KeyCorp reduced their Q3 2019 earnings per share (EPS) estimates for shares of Dollar Tree in a report issued on Tuesday, October 16th, according to Zacks Investment Research. KeyCorp analyst B. Thomas now anticipates that the company will earn $1.14 per share for the quarter, down from their previous forecast of $1.17. KeyCorp currently has a “Overweight” rating and a $115.00 price target on the stock. KeyCorp also issued estimates for Dollar Tree’s FY2019 earnings at $5.48 EPS and FY2020 earnings at $5.75 EPS.
Other analysts have also recently issued research reports about the stock. OTR Global cut shares of Dollar Tree to a “positive” rating in a research note on Wednesday, August 22nd. Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $100.00 to $90.00 in a research note on Friday, August 31st. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $113.00 to $90.00 in a research note on Thursday, August 30th. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Finally, Morgan Stanley dropped their price target on shares of Dollar Tree from $101.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $101.47.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the company posted $0.99 EPS. The firm’s revenue was up 4.6% on a year-over-year basis.
In related news, Director Lemuel E. Lewis acquired 1,210 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were purchased at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the acquisition, the director now owns 20,114 shares in the company, valued at approximately $1,664,433.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Several hedge funds have recently modified their holdings of DLTR. MUFG Americas Holdings Corp lifted its holdings in Dollar Tree by 0.6% during the 2nd quarter. MUFG Americas Holdings Corp now owns 101,801 shares of the company’s stock worth $8,653,000 after buying an additional 573 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Dollar Tree by 35.2% during the 2nd quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock worth $188,000 after buying an additional 574 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in Dollar Tree by 0.9% during the 2nd quarter. State Treasurer State of Michigan now owns 70,410 shares of the company’s stock worth $5,985,000 after buying an additional 600 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Dollar Tree by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 4,784 shares of the company’s stock worth $390,000 after buying an additional 676 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Dollar Tree by 46.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock worth $186,000 after buying an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 91.23% of the company’s stock.
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.
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