Dollar Tree, Inc. (DLTR) Expected to Post FY2018 Earnings of $4.84 Per Share
Dollar Tree, Inc. (NASDAQ:DLTR) – Investment analysts at Oppenheimer issued their FY2018 earnings per share estimates for Dollar Tree in a note issued to investors on Tuesday. Oppenheimer analyst R. Parikh anticipates that the company will post earnings per share of $4.84 for the year. Oppenheimer currently has a “Outperform” rating and a $130.00 target price on the stock. Oppenheimer also issued estimates for Dollar Tree’s Q4 2018 earnings at $1.86 EPS, FY2019 earnings at $5.31 EPS and FY2020 earnings at $5.91 EPS.
DLTR has been the subject of several other research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Dollar Tree in a report on Thursday, November 2nd. MKM Partners upped their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, KeyCorp reissued a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a report on Friday, November 10th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $105.04.
Dollar Tree (DLTR) traded up $0.10 during mid-day trading on Friday, reaching $112.90. 1,566,400 shares of the company traded hands, compared to its average volume of 1,794,283. The firm has a market capitalization of $27,200.00, a P/E ratio of 26.88, a P/E/G ratio of 1.76 and a beta of 0.63. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $115.89. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its holdings in shares of Dollar Tree by 139.6% in the 4th quarter. State of Alaska Department of Revenue now owns 28,128 shares of the company’s stock valued at $3,017,000 after purchasing an additional 16,389 shares during the period. Oakbrook Investments LLC increased its holdings in shares of Dollar Tree by 5.4% in the 4th quarter. Oakbrook Investments LLC now owns 19,384 shares of the company’s stock valued at $2,080,000 after purchasing an additional 1,000 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Dollar Tree by 29.6% in the 4th quarter. Acadian Asset Management LLC now owns 5,405 shares of the company’s stock valued at $580,000 after purchasing an additional 1,233 shares during the period. Westpac Banking Corp increased its holdings in shares of Dollar Tree by 13.0% in the 4th quarter. Westpac Banking Corp now owns 67,327 shares of the company’s stock valued at $7,225,000 after purchasing an additional 7,758 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Dollar Tree by 3.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 852,575 shares of the company’s stock valued at $91,490,000 after purchasing an additional 25,938 shares during the period. Hedge funds and other institutional investors own 89.74% of the company’s stock.
In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the sale, the chairman now owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Jacobs sold 9,192 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $99.80, for a total value of $917,361.60. Following the sale, the insider now owns 13,199 shares in the company, valued at approximately $1,317,260.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,132 shares of company stock worth $28,348,680. Corporate insiders own 4.10% of the company’s stock.
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About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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