Dollar Tree (NASDAQ:DLTR) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Dollar Tree (NASDAQ:DLTRGet 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

A number of institutional investors have recently bought and sold shares of DLTR. Alpha Paradigm Partners LLC acquired a new position in Dollar Tree during the third quarter worth approximately $35,000. Fred Alger Management LLC bought a new stake in shares of Dollar Tree during the third quarter worth approximately $37,000. Covestor Ltd boosted its holdings in shares of Dollar Tree by 75.5% during the first quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after acquiring an additional 173 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 128.3% during the first quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock worth $67,000 after acquiring an additional 236 shares during the period. Finally, Carolinas Wealth Consulting LLC boosted its holdings in shares of Dollar Tree by 761.7% during the first quarter. Carolinas Wealth Consulting LLC now owns 517 shares of the company’s stock worth $83,000 after acquiring an additional 457 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Dollar Tree Company Profile

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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.

Further Reading

Earnings History for Dollar Tree (NASDAQ:DLTR)

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