Analysts expect that Dollar Tree (NASDAQ:DLTR) will post sales of $5.57 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Dollar Tree’s earnings, with estimates ranging from $5.53 billion to $5.59 billion. Dollar Tree reported sales of $5.29 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that Dollar Tree will report full-year sales of $22.98 billion for the current year, with estimates ranging from $22.75 billion to $23.11 billion. For the next fiscal year, analysts forecast that the company will post sales of $24.25 billion per share, with estimates ranging from $23.71 billion to $24.60 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period in the previous year, the company earned $1.36 earnings per share. Dollar Tree’s revenue was up 12.9% on a year-over-year basis.
NASDAQ DLTR opened at $97.13 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $116.65. The firm has a market capitalization of $23,282.66, a P/E ratio of 19.99, a PEG ratio of 1.17 and a beta of 0.83.
In other news, insider Robert H. Rudman sold 6,074 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $93.95, for a total transaction of $570,652.30. Following the sale, the insider now directly owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arnold S. Barron sold 6,023 shares of the stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total transaction of $569,113.27. Following the sale, the director now directly owns 26,667 shares in the company, valued at $2,519,764.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,861 shares of company stock worth $1,398,752. Corporate insiders own 4.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dollar Tree by 45.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 9,718 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,019 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Dollar Tree by 8.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 37,914 shares of the company’s stock valued at $4,069,000 after buying an additional 2,793 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Dollar Tree by 3.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 72,477 shares of the company’s stock valued at $7,779,000 after buying an additional 2,236 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Dollar Tree by 19.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 159,083 shares of the company’s stock valued at $17,071,000 after buying an additional 26,449 shares in the last quarter. Finally, Tuttle Tactical Management LLC purchased a new position in Dollar Tree in the 4th quarter valued at about $1,451,000. 90.91% of the stock is currently owned by institutional investors and hedge funds.
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Dollar Tree Company Profile
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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