Dollar Tree, Inc. (NASDAQ:DLTR) – Stock analysts at Jefferies Financial Group lowered their Q1 2020 EPS estimates for shares of Dollar Tree in a report issued on Thursday, March 7th. Jefferies Financial Group analyst C. Mandeville now expects that the company will post earnings of $1.10 per share for the quarter, down from their prior estimate of $1.21. Jefferies Financial Group also issued estimates for Dollar Tree’s Q2 2020 earnings at $1.05 EPS, FY2020 earnings at $5.21 EPS and FY2024 earnings at $6.61 EPS.
Get Dollar Tree alerts:A number of other brokerages have also weighed in on DLTR. Credit Suisse Group raised their price target on shares of Dollar Tree from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada raised their price target on shares of Dollar Tree from $94.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, November 30th. Oppenheimer lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and raised their price target for the company from $92.00 to $104.00 in a report on Thursday, January 10th. Morgan Stanley reissued a “hold” rating on shares of Dollar Tree in a report on Sunday, December 2nd. Finally, ValuEngine lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Dollar Tree currently has a consensus rating of “Buy” and a consensus target price of $101.74.
Shares of Dollar Tree stock opened at $102.40 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48. The company has a market capitalization of $24.37 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.22 and a beta of 0.46. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $104.19.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.01. The business had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. Dollar Tree’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share.
Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Dollar Tree by 20.8% during the fourth quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock worth $54,000 after purchasing an additional 103 shares in the last quarter. Boltwood Capital Management boosted its position in shares of Dollar Tree by 1.1% during the fourth quarter. Boltwood Capital Management now owns 9,635 shares of the company’s stock worth $870,000 after purchasing an additional 105 shares in the last quarter. Burney Co. boosted its position in shares of Dollar Tree by 0.5% during the fourth quarter. Burney Co. now owns 23,421 shares of the company’s stock worth $2,115,000 after purchasing an additional 113 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of Dollar Tree by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 7,021 shares of the company’s stock worth $634,000 after purchasing an additional 120 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of Dollar Tree by 4.9% during the fourth quarter. Keybank National Association OH now owns 2,871 shares of the company’s stock worth $259,000 after purchasing an additional 133 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: Diversification For Individual Investors
No comments:
Post a Comment