Dollar Tree (NASDAQ:DLTR) Issues FY 2022 Earnings Guidance

Dollar Tree (NASDAQ:DLTRGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $7.80-$8.20 for the period, compared to the consensus EPS estimate of $7.97. The company issued revenue guidance of $27.76 billion-$28.14 billion, compared to the consensus revenue estimate of $27.95 billion. Dollar Tree also updated its Q2 2022 guidance to $1.45-$1.55 EPS.

Shares of NASDAQ:DLTR traded down $0.62 during midday trading on Thursday, reaching $154.41. 42,312 shares of the company’s stock traded hands, compared to its average volume of 2,480,249. The company has a market cap of $34.67 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.46. Dollar Tree has a one year low of $84.26 and a one year high of $177.19. The stock has a 50 day moving average of $158.46 and a 200 day moving average of $148.26.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its earnings results on Thursday, May 26th. The company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.37. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. The company had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the company earned $1.60 earnings per share. Dollar Tree’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Dollar Tree will post 8.15 EPS for the current fiscal year.

DLTR has been the subject of several research analyst reports. BMO Capital Markets increased their target price on Dollar Tree from $180.00 to $187.00 in a research report on Friday, May 27th. Citigroup increased their price target on Dollar Tree from $162.00 to $190.00 and gave the company a buy rating in a research note on Tuesday, May 31st. Truist Financial increased their price target on Dollar Tree to $178.00 in a research note on Friday, May 27th. Barclays increased their price target on Dollar Tree from $140.00 to $150.00 and gave the company an equal weight rating in a research note on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dollar Tree from $180.00 to $179.00 in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $163.82.

In other Dollar Tree news, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $157.94, for a total transaction of $85,603.48. Following the completion of the sale, the insider now owns 17,085 shares of the company’s stock, valued at approximately $2,698,404.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich purchased 425 shares of the stock in a transaction on Monday, March 28th. The shares were purchased at an average cost of $156.09 per share, with a total value of $66,338.25. The disclosure for this purchase can be found here. 5.80% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Ethic Inc. raised its holdings in Dollar Tree by 3.8% in the 1st quarter. Ethic Inc. now owns 2,554 shares of the company’s stock worth $409,000 after purchasing an additional 94 shares during the period. Evergreen Capital Management LLC increased its stake in Dollar Tree by 6.8% during the 1st quarter. Evergreen Capital Management LLC now owns 1,718 shares of the company’s stock worth $275,000 after buying an additional 109 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Dollar Tree by 3.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 4,699 shares of the company’s stock worth $753,000 after buying an additional 151 shares in the last quarter. Covestor Ltd increased its stake in Dollar Tree by 75.5% during the 1st quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after buying an additional 173 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Dollar Tree by 128.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 420 shares of the company’s stock worth $67,000 after buying an additional 236 shares in the last quarter. 98.54% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

Further Reading

Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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