Dollar Tree (NASDAQ:DLTR) Posts Earnings Results, Beats Estimates By $0.02 EPS

Dollar Tree (NASDAQ:DLTRGet Rating) issued its quarterly earnings results on Tuesday. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02, Briefing.com reports. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Dollar Tree updated its FY 2022 guidance to $7.10-$7.25 EPS and its Q4 2022 guidance to EPS.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $150.14 on Thursday. Dollar Tree has a one year low of $123.62 and a one year high of $177.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.38. The company has a 50 day moving average price of $148.45 and a 200 day moving average price of $153.97. The firm has a market capitalization of $33.62 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Telsey Advisory Group dropped their price target on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. Truist Financial decreased their price objective on shares of Dollar Tree from $178.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, August 26th. Evercore ISI decreased their price objective on shares of Dollar Tree from $170.00 to $160.00 in a report on Wednesday. Finally, Gordon Haskett set a $163.00 price objective on shares of Dollar Tree in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.24.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC increased its position in Dollar Tree by 2.4% during the second quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after purchasing an additional 62 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Dollar Tree by 0.5% during the third quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock worth $2,483,000 after purchasing an additional 82 shares during the last quarter. Ethic Inc. increased its position in Dollar Tree by 3.8% during the first quarter. Ethic Inc. now owns 2,554 shares of the company’s stock worth $409,000 after purchasing an additional 94 shares during the last quarter. Evergreen Capital Management LLC increased its position in Dollar Tree by 6.8% during the first quarter. Evergreen Capital Management LLC now owns 1,718 shares of the company’s stock worth $275,000 after purchasing an additional 109 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Dollar Tree by 3.3% during the first quarter. Wetherby Asset Management Inc. now owns 4,699 shares of the company’s stock worth $753,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Dollar Tree Company Profile

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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.

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Earnings History for Dollar Tree (NASDAQ:DLTR)

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