Equities research analysts predict that Dollar Tree, Inc. (NASDAQ:DLTR) will report sales of $5.56 billion for the current quarter, according to Zacks. Seven analysts have made estimates for Dollar Tree’s earnings, with the highest sales estimate coming in at $5.61 billion and the lowest estimate coming in at $5.50 billion. Dollar Tree reported sales of $5.32 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The firm is expected to announce its next earnings report on Tuesday, November 20th.

On average, analysts expect that Dollar Tree will report full year sales of $22.90 billion for the current year, with estimates ranging from $22.80 billion to $22.96 billion. For the next financial year, analysts expect that the business will post sales of $24.17 billion per share, with estimates ranging from $24.00 billion to $24.66 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.01). The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share.

Several analysts have commented on the stock. ValuEngine upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Friday, June 8th. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Telsey Advisory Group dropped their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 1st. Credit Suisse Group set a $93.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a report on Tuesday, June 12th. Finally, Oppenheimer dropped their target price on shares of Dollar Tree from $108.00 to $92.00 and set an “outperform” rating on the stock in a report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.26.

Hedge funds and other institutional investors have recently bought and sold shares of the company. MUFG Americas Holdings Corp grew its stake in shares of Dollar Tree by 0.6% in the second quarter. MUFG Americas Holdings Corp now owns 101,801 shares of the company’s stock valued at $8,653,000 after buying an additional 573 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Dollar Tree by 35.2% in the second quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock valued at $188,000 after buying an additional 574 shares in the last quarter. State Treasurer State of Michigan grew its stake in shares of Dollar Tree by 0.9% in the second quarter. State Treasurer State of Michigan now owns 70,410 shares of the company’s stock valued at $5,985,000 after buying an additional 600 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Dollar Tree by 10.2% in the first quarter. IFM Investors Pty Ltd now owns 7,381 shares of the company’s stock valued at $700,000 after buying an additional 682 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Dollar Tree by 46.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock valued at $186,000 after buying an additional 690 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

DLTR stock traded up $0.56 during mid-day trading on Wednesday, hitting $85.63. 2,584,600 shares of the company were exchanged, compared to its average volume of 3,190,605. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24. The company has a market capitalization of $20.24 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.78. Dollar Tree has a 1-year low of $79.17 and a 1-year high of $116.65.

About Dollar Tree

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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