Dollar Tree (NASDAQ:DLTR) posted its earnings results on Monday. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01, MarketWatch Earnings reports. Dollar Tree had a return on equity of 20.78% and a net margin of 5.78%. The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. Dollar Tree’s revenue was up 3.9% on a year-over-year basis.
Shares of NASDAQ DLTR opened at $146.61 on Thursday. The stock has a market cap of $32.97 billion, a P/E ratio of 23.09, a PEG ratio of 2.99 and a beta of 0.81. The company has a current ratio of 1.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.46. Dollar Tree has a 12-month low of $84.26 and a 12-month high of $149.37. The business’s fifty day simple moving average is $105.89 and its 200-day simple moving average is $102.03.
In other Dollar Tree news, insider William A. Old, Jr. sold 16,267 shares of the firm’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $125.46, for a total transaction of $2,040,857.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.
Dollar Tree announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 29th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
About Dollar Tree
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.
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