Dollar Tree, Inc. (NASDAQ:DLTR) – Investment analysts at Jefferies Group lifted their FY2018 earnings estimates for Dollar Tree in a report released on Friday. Jefferies Group analyst D. Binder now expects that the company will post earnings per share of $5.00 for the year, up from their previous forecast of $4.87. Jefferies Group currently has a “Hold” rating and a $85.00 price objective on the stock. Jefferies Group also issued estimates for Dollar Tree’s Q4 2018 earnings at $2.02 EPS, Q1 2019 earnings at $1.33 EPS, Q2 2019 earnings at $1.21 EPS, Q3 2019 earnings at $1.20 EPS and FY2023 earnings at $9.47 EPS.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the firm earned $0.72 EPS. Dollar Tree’s quarterly revenue was up 6.3% compared to the same quarter last year.
Shares of Dollar Tree (NASDAQ:DLTR) traded up $1.09 on Monday, hitting $109.05. The company had a trading volume of 1,253,153 shares, compared to its average volume of 2,090,250. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The firm has a market cap of $25,596.94, a price-to-earnings ratio of 25.96, a PEG ratio of 1.40 and a beta of 0.71.
In related news, Director Thomas A. Saunders sold 33,750 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $106.34, for a total value of $3,588,975.00. Following the sale, the director now owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joshua R. Jewett sold 3,570 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $99.00, for a total value of $353,430.00. Following the completion of the sale, the insider now owns 6,976 shares in the company, valued at approximately $690,624. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,940 shares of company stock worth $13,761,818. 2.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in shares of Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after acquiring an additional 8,298,537 shares during the last quarter. DSM Capital Partners LLC raised its holdings in Dollar Tree by 1,443,950.0% in the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after acquiring an additional 1,212,918 shares during the last quarter. Mar Vista Investment Partners LLC acquired a new stake in Dollar Tree in the 3rd quarter valued at about $100,828,000. Russell Investments Group Ltd. raised its holdings in Dollar Tree by 78.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock valued at $162,931,000 after acquiring an additional 827,665 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Dollar Tree by 2,567.0% in the 4th quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock valued at $63,911,000 after acquiring an additional 573,238 shares during the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.
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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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