Dollar Tree, Inc. (NASDAQ:DLTR) – Analysts at Northcoast Research issued their Q2 2019 earnings estimates for shares of Dollar Tree in a research note issued to investors on Tuesday, June 26th. Northcoast Research analyst C. Cerankosky forecasts that the company will post earnings per share of $1.14 for the quarter. Northcoast Research also issued estimates for Dollar Tree’s Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $2.03 EPS, FY2019 earnings at $5.50 EPS, Q1 2020 earnings at $1.54 EPS, Q2 2020 earnings at $1.46 EPS, Q3 2020 earnings at $1.44 EPS, Q4 2020 earnings at $2.29 EPS and FY2020 earnings at $6.73 EPS.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 31st. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.04). Dollar Tree had a net margin of 7.44% and a return on equity of 18.23%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the previous year, the company earned $0.98 EPS. Dollar Tree’s revenue for the quarter was up 5.0% compared to the same quarter last year.
Shares of NASDAQ:DLTR opened at $85.00 on Friday. Dollar Tree has a twelve month low of $66.01 and a twelve month high of $116.65. The company has a market cap of $20.21 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. The company has a quick ratio of 0.41, a current ratio of 2.11 and a debt-to-equity ratio of 0.69.
Several institutional investors and hedge funds have recently modified their holdings of DLTR. CenterStar Asset Management LLC bought a new stake in Dollar Tree during the 1st quarter worth approximately $102,000. Dupont Capital Management Corp grew its position in Dollar Tree by 77.0% during the 1st quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after acquiring an additional 710 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Dollar Tree during the 4th quarter worth approximately $210,000. Delpha Capital Management LLC bought a new stake in Dollar Tree during the 4th quarter worth approximately $219,000. Finally, Fieldpoint Private Securities LLC bought a new stake in Dollar Tree during the 1st quarter worth approximately $213,000. 91.41% of the stock is owned by institutional investors and hedge funds.
In related news, Director Thomas E. Whiddon bought 2,250 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was acquired at an average cost of $88.78 per share, with a total value of $199,755.00. Following the acquisition, the director now owns 26,121 shares in the company, valued at approximately $2,319,022.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lemuel E. Lewis bought 2,500 shares of the company’s stock in a transaction dated Monday, June 4th. The stock was bought at an average cost of $80.44 per share, with a total value of $201,100.00. Following the completion of the acquisition, the director now owns 17,654 shares in the company, valued at approximately $1,420,087.76. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
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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