Dollar Tree (NASDAQ:DLTR) Updates Q4 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.100-2.300 for the period, compared to the consensus earnings per share estimate of 2.220. The company issued revenue guidance of $8.1 billion-$8.3 billion, compared to the consensus revenue estimate of $8.3 billion. Dollar Tree also updated its FY 2024 guidance to 5.310-5.510 EPS.

Dollar Tree Price Performance

NASDAQ DLTR opened at $73.83 on Thursday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of -15.13, a PEG ratio of 2.87 and a beta of 0.92. The company’s 50 day moving average is $67.59 and its two-hundred day moving average is $87.57. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the business earned $0.97 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Dollar Tree will post 5.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DLTR shares. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday. Guggenheim reduced their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Wednesday. Truist Financial reduced their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.74.

Insider Activity

In other news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company 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, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, 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.