Analysts Expect Dollar Tree, Inc. (DLTR) Will Post Quarterly Sales of $5.80 Billion

Equities analysts predict that Dollar Tree, Inc. (NASDAQ:DLTR) will announce $5.80 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Dollar Tree’s earnings, with estimates ranging from $5.77 billion to $5.82 billion. Dollar Tree posted sales of $5.55 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, May 30th.

On average, analysts expect that Dollar Tree will report full year sales of $23.67 billion for the current financial year, with estimates ranging from $23.57 billion to $23.84 billion. For the next year, analysts expect that the business will report sales of $24.76 billion, with estimates ranging from $24.49 billion to $25.17 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $1.89 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Piper Jaffray Companies lifted their price objective on Dollar Tree from $113.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. ValuEngine raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley lifted their price objective on Dollar Tree from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Finally, BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Twelve research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and an average target price of $102.89.

NASDAQ:DLTR opened at $99.79 on Monday. The company has a market cap of $23.95 billion, a P/E ratio of 18.31, a PEG ratio of 1.94 and a beta of 0.44. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. Dollar Tree has a 1-year low of $78.78 and a 1-year high of $111.61.

In other news, Director Arnold S. Barron sold 11,667 shares of Dollar Tree stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $101.61, for a total value of $1,185,483.87. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $1,524,150. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael A. Witynski sold 6,380 shares of Dollar Tree stock in a transaction on Monday, March 11th. The shares were sold at an average price of $102.83, for a total value of $656,055.40. Following the completion of the transaction, the chief operating officer now owns 12,381 shares in the company, valued at approximately $1,273,138.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,561 shares of company stock worth $4,537,642. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after purchasing an additional 2,301,814 shares during the last quarter. Executive Wealth Management LLC bought a new stake in Dollar Tree during the 4th quarter worth $26,000. Capital Investment Advisory Services LLC bought a new stake in Dollar Tree during the 4th quarter worth $31,000. Riverview Trust Co bought a new stake in Dollar Tree during the 4th quarter worth $32,000. Finally, Parkside Financial Bank & Trust grew its position in Dollar Tree by 47.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock worth $32,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 92.86% of the company’s stock.

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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