Dollar Tree, Inc. (NASDAQ:DLTR) – Analysts at Piper Jaffray Companies reduced their FY2019 EPS estimates for Dollar Tree in a research note issued to investors on Thursday, November 29th. Piper Jaffray Companies analyst P. Keith now anticipates that the company will post earnings per share of $5.43 for the year, down from their previous forecast of $5.54. Piper Jaffray Companies also issued estimates for Dollar Tree’s Q4 2019 earnings at $1.91 EPS, Q2 2020 earnings at $1.17 EPS, Q3 2020 earnings at $1.24 EPS and Q4 2020 earnings at $2.04 EPS.
A number of other research analysts also recently weighed in on the company. Citigroup raised their price objective on Dollar Tree from $87.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday. Credit Suisse Group reissued an “equal weight” rating on shares of Dollar Tree in a research note on Monday. Raymond James set a $95.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Sunday. Morgan Stanley reissued a “hold” rating on shares of Dollar Tree in a research note on Sunday. Finally, JPMorgan Chase & Co. cut their price objective on Dollar Tree to $90.00 in a research note on Sunday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar Tree has a consensus rating of “Hold” and an average target price of $101.64.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The business had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period last year, the business earned $1.01 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.
In other news, Director Lemuel E. Lewis acquired 1,210 shares of the stock in a transaction dated Thursday, September 27th. The shares were acquired at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the transaction, the director now owns 20,114 shares in the company, valued at approximately $1,664,433.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price Capital Management Inc. bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $106,000. SRS Capital Advisors Inc. increased its position in shares of Dollar Tree by 252.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the period. Signet Financial Management LLC bought a new stake in shares of Dollar Tree during the second quarter valued at approximately $121,000. Stelac Advisory Services LLC bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $121,000. Finally, Bbva Compass Bancshares Inc. bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $147,000. Institutional investors and hedge funds own 92.14% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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