Wall Street analysts forecast that Dollar Tree, Inc. (NASDAQ:DLTR) will report $5.72 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Dollar Tree’s earnings. The highest sales estimate is $5.76 billion and the lowest is $5.68 billion. Dollar Tree posted sales of $5.53 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The firm is expected to issue its next earnings results on Thursday, August 29th.
According to Zacks, analysts expect that Dollar Tree will report full year sales of $23.67 billion for the current year, with estimates ranging from $23.49 billion to $23.83 billion. For the next financial year, analysts forecast that the business will report sales of $24.71 billion, with estimates ranging from $24.49 billion to $25.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.14 EPS for the quarter, hitting analysts’ consensus estimates of $1.14. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. Dollar Tree’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS.
In other news, Director Thomas A. Saunders sold 1,000 shares of Dollar Tree stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $112.37, for a total value of $112,370.00. Following the transaction, the director now directly owns 2,379,315 shares of the company’s stock, valued at $267,363,626.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joshua R. Jewett sold 3,632 shares of Dollar Tree stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $101.67, for a total transaction of $369,265.44. Following the completion of the transaction, the insider now directly owns 6,262 shares in the company, valued at $636,657.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,789 shares of company stock worth $8,203,018. 1.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Executive Wealth Management LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew its position in Dollar Tree by 47.3% during the first quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Berman Capital Advisors LLC grew its position in Dollar Tree by 52.5% during the first quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after purchasing an additional 105 shares in the last quarter. Coastal Investment Advisors Inc. grew its position in Dollar Tree by 1,515.0% during the second quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock valued at $34,000 after purchasing an additional 303 shares in the last quarter. Finally, Bremer Bank National Association purchased a new position in Dollar Tree during the first quarter valued at approximately $45,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DLTR traded down $0.82 during mid-day trading on Friday, hitting $96.87. The company’s stock had a trading volume of 2,422,473 shares, compared to its average volume of 1,440,622. The company has a 50-day moving average of $108.65. The company has a market cap of $24.17 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.96 and a beta of 0.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.07 and a quick ratio of 0.23. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $113.38.
About Dollar Tree
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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