Dollar Tree (NASDAQ:DLTR) Releases Q4 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.69-1.79 for the period, compared to the Thomson Reuters consensus estimate of $1.75. The company issued revenue guidance of $7.02-7.18 billion, compared to the consensus revenue estimate of $7.04 billion.Dollar Tree also updated its FY 2021 guidance to $5.480-$5.580 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research raised Dollar Tree from a sell rating to a hold rating and set a $120.00 price objective on the stock in a research report on Monday, November 15th. TheStreet upgraded Dollar Tree from a c+ rating to a b- rating in a research report on Friday, October 22nd. Piper Sandler increased their price target on shares of Dollar Tree from $93.00 to $144.00 and gave the company a neutral rating in a research report on Wednesday. Barclays lifted their price objective on Dollar Tree from $100.00 to $140.00 and gave the stock an equal weight rating in a report on Wednesday. Finally, Gordon Haskett raised Dollar Tree from a hold rating to a buy rating and upped their price target for the company from $119.45 to $170.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $137.50.

Shares of DLTR traded up $1.90 during mid-day trading on Thursday, reaching $146.61. The company had a trading volume of 3,757,081 shares, compared to its average volume of 2,845,121. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.26 and a current ratio of 1.25. The company has a market capitalization of $32.97 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.99 and a beta of 0.81. The firm has a 50-day moving average price of $105.89 and a 200 day moving average price of $102.03. Dollar Tree has a 52 week low of $84.26 and a 52 week high of $149.37.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.01. Dollar Tree had a return on equity of 20.78% and a net margin of 5.78%. The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that Dollar Tree will post 5.53 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 29th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In other news, insider William A. Old, Jr. sold 16,267 shares of the company’s stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $125.46, for a total value of $2,040,857.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Dollar Tree Company Profile

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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