Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) – Equities research analysts at Oppenheimer dropped their Q3 2023 earnings per share (EPS) estimates for shares of Dollar Tree in a research note issued on Thursday, July 14th. Oppenheimer analyst R. Parikh now expects that the company will post earnings of $1.76 per share for the quarter, down from their prior estimate of $1.88. The consensus estimate for Dollar Tree’s current full-year earnings is $8.15 per share.
DLTR has been the subject of several other reports. Telsey Advisory Group reduced their target price on Dollar Tree from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Dollar Tree from $180.00 to $179.00 in a report on Wednesday, May 25th. Morgan Stanley upped their target price on Dollar Tree from $150.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, May 27th. Truist Financial lifted their price target on shares of Dollar Tree to $178.00 in a report on Friday, May 27th. Finally, StockNews.com upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $163.82.
Dollar Tree Price Performance
Dollar Tree stock opened at $167.96 on Monday. Dollar Tree has a 52 week low of $84.26 and a 52 week high of $177.19. The business has a 50-day simple moving average of $156.25 and a 200 day simple moving average of $151.16. The company has a quick ratio of 0.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. The stock has a market cap of $37.72 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.33 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.37. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same period in the previous year, the company posted $1.60 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.
Hedge Funds Weigh In On Dollar Tree
Several large investors have recently modified their holdings of DLTR. Concord Wealth Partners raised its position in Dollar Tree by 27.7% in the 4th quarter. Concord Wealth Partners now owns 1,089 shares of the company’s stock worth $153,000 after buying an additional 236 shares during the last quarter. Wealthfront Advisers LLC raised its position in Dollar Tree by 75.0% in the 4th quarter. Wealthfront Advisers LLC now owns 5,476 shares of the company’s stock worth $769,000 after buying an additional 2,347 shares during the last quarter. Allworth Financial LP raised its position in Dollar Tree by 629.6% in the 4th quarter. Allworth Financial LP now owns 197 shares of the company’s stock worth $28,000 after buying an additional 170 shares during the last quarter. Institute for Wealth Management LLC. purchased a new position in Dollar Tree in the 4th quarter worth about $297,000. Finally, Wedge Capital Management L L P NC purchased a new position in Dollar Tree in the 4th quarter worth about $38,753,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.
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