Dollar Tree (NASDAQ:DLTR) Issues Q3 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.05-1.15 for the period, compared to the consensus EPS estimate of $1.06. The company issued revenue guidance of $7.4-7.6 billion, compared to the consensus revenue estimate of $7.44 billion.

Dollar Tree Price Performance

DLTR traded up $0.21 on Monday, hitting $66.81. 6,926,117 shares of the company’s stock traded hands, compared to its average volume of 3,238,186. The company’s 50 day simple moving average is $71.57 and its 200-day simple moving average is $96.01. 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 has a one year low of $60.81 and a one year high of $151.21. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of -13.65, a P/E/G ratio of 2.74 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts anticipate that Dollar Tree will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLTR. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, September 5th. Barclays cut their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group decreased their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Telsey Advisory Group decreased their price objective on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.53.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on 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 transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through 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.