Dollar Tree, Inc. (DLTR) Announces Quarterly Earnings Results
Dollar Tree, Inc. (NASDAQ:DLTR) released its quarterly earnings data on Tuesday. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11, Bloomberg Earnings reports. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the business earned $0.72 earnings per share. Dollar Tree’s quarterly revenue was up 6.3% compared to the same quarter last year. Dollar Tree updated its Q4 guidance to $1.80-1.89 EPS.
Dollar Tree (NASDAQ DLTR) opened at $99.77 on Thursday. The company has a current ratio of 1.95, a quick ratio of 0.43 and a debt-to-equity ratio of 0.91. The company has a market cap of $23,581.62, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.59. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $100.74.
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Several equities research analysts have recently issued reports on the stock. MKM Partners raised their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein restated a “market perform” rating and issued a $87.00 target price (up previously from $78.00) on shares of Dollar Tree in a report on Wednesday. KeyCorp restated an “overweight” rating and issued a $115.00 target price (up previously from $98.00) on shares of Dollar Tree in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of Dollar Tree from $102.00 to $111.00 and gave the stock a “top pick” rating in a report on Wednesday. Finally, Telsey Advisory Group raised their target price on shares of Dollar Tree from $101.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $98.21.
In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Jacobs sold 9,192 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total transaction of $917,361.60. Following the transaction, the insider now directly owns 13,199 shares in the company, valued at approximately $1,317,260.20. The disclosure for this sale can be found here. Insiders have sold a total of 260,641 shares of company stock worth $23,726,199 in the last three months. Insiders own 4.10% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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