Dollar Tree (NASDAQ:DLTR – Get Rating) posted its quarterly earnings results on Tuesday. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02, Briefing.com reports. The business had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Dollar Tree had a return on equity of 19.83% and a net margin of 5.77%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. Dollar Tree updated its FY 2022 guidance to $7.10-$7.25 EPS and its Q4 2022 guidance to EPS.
Dollar Tree Price Performance
Shares of NASDAQ DLTR opened at $165.24 on Tuesday. The business’s 50 day moving average price is $148.17 and its two-hundred day moving average price is $154.05. The company has a market cap of $37.00 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.73. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. Dollar Tree has a twelve month low of $123.62 and a twelve month high of $177.19.
Wall Street Analysts Forecast Growth
DLTR has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $171.00 to $176.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. TheStreet raised shares of Dollar Tree from a “c+” rating to a “b-” rating in a research report on Monday, October 31st. Wells Fargo & Company cut their price target on Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, August 26th. OTR Global upgraded Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Dollar Tree from $185.00 to $163.00 and set a “buy” rating on the stock in a report on Monday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $165.56.
Hedge Funds Weigh In On Dollar Tree
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.
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