Dollar Tree (DLTR) Announces Earnings Results, Meets Expectations

Dollar Tree (NASDAQ:DLTR) announced its quarterly earnings results on Thursday. The company reported $1.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.14, Morningstar.com reports. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the previous year, the company earned $1.19 earnings per share. Dollar Tree’s quarterly revenue was up 4.6% compared to the same quarter last year.

Shares of NASDAQ:DLTR opened at $95.32 on Thursday. Dollar Tree has a one year low of $78.78 and a one year high of $111.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. The stock has a market capitalization of $23.20 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.44.

A number of equities research analysts recently weighed in on DLTR shares. Wolfe Research started coverage on shares of Dollar Tree in a research report on Monday, February 11th. They issued a “market perform” rating for the company. ValuEngine cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Monday, February 4th. Telsey Advisory Group raised shares of Dollar Tree from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $103.00 to $117.00 in a research report on Wednesday, March 20th. Finally, BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $102.50.



In other news, CEO Gary M. Philbin sold 9,614 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total transaction of $1,057,540.00. Following the transaction, the chief executive officer now directly owns 84,665 shares in the company, valued at $9,313,150. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William A. Old, Jr. sold 6,580 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $102.75, for a total transaction of $676,095.00. Following the transaction, the insider now owns 8,960 shares in the company, valued at $920,640. The disclosure for this sale can be found here. Insiders sold 43,561 shares of company stock valued at $4,537,642 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently modified their holdings of DLTR. Oregon Public Employees Retirement Fund increased its stake in shares of Dollar Tree by 8,821.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock worth $26,000 after acquiring an additional 2,301,814 shares during the period. Executive Wealth Management LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth about $26,000. Capital Investment Advisory Services LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth about $31,000. Riverview Trust Co acquired a new position in shares of Dollar Tree during the fourth quarter worth about $32,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 47.3% during the first quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock worth $32,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. 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, 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, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Further Reading: Market Capitalization and Individual Investors

Earnings History for Dollar Tree (NASDAQ:DLTR)

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