Dollar Tree (NASDAQ:DLTR) Posts Earnings Results, Misses Expectations By $0.05 EPS

Dollar Tree (NASDAQ:DLTR) announced its quarterly earnings data on Tuesday. The company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05), RTT News reports. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.74 billion. Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Dollar Tree updated its Q4 2019
Pre-Market guidance to $1.70-1.80 EPS and its FY 2019
Pre-Market guidance to $4.66-4.76 EPS.

NASDAQ DLTR opened at $95.26 on Wednesday. Dollar Tree has a 12 month low of $81.02 and a 12 month high of $119.71. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.62 and a beta of 0.55. The company’s 50 day moving average is $112.15 and its two-hundred day moving average is $106.59. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41.

In other Dollar Tree news, Chairman Bob Sasser sold 70,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $115.92, for a total transaction of $8,114,400.00. Following the completion of the sale, the chairman now directly owns 719 shares of the company’s stock, valued at approximately $83,346.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Saunders sold 1,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $116.20, for a total transaction of $116,200.00. Following the sale, the director now directly owns 2,380,145 shares of the company’s stock, valued at $276,572,849. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,519 shares of company stock worth $9,408,464. 1.40% of the stock is owned by company insiders.

A number of research firms recently commented on DLTR. Deutsche Bank lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price target for the company from $106.00 to $99.00 in a report on Monday, August 5th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price target for the company in a report on Monday, September 2nd. Wells Fargo & Co upped their price target on shares of Dollar Tree from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to an “accumulate” rating in a report on Tuesday. Finally, OTR Global upgraded shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $107.30.

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.

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Earnings History for Dollar Tree (NASDAQ:DLTR)

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