Dollar Tree (NASDAQ:DLTR) Announces Earnings Results

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.

Several research firms have recently commented on DLTR. Evercore ISI raised their price objective on Dollar Tree from $125.00 to $150.00 and gave the stock an “in-line” rating in a research note on Wednesday. Bank of America raised their price objective on Dollar Tree from $90.00 to $108.00 and gave the stock an “underperform” rating in a research note on Wednesday. KeyCorp decreased their price objective on Dollar Tree from $125.00 to $116.00 and set an “overweight” rating on the stock in a research note on Friday, August 27th. Guggenheim decreased their price objective on Dollar Tree from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Dollar Tree from $148.00 to $171.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Buy” and a consensus target price of $137.50.

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.

Further Reading: Resistance Level

Earnings History for Dollar Tree (NASDAQ:DLTR)

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