Today, Analysts Offer Predictions for Dollar Tree Inc.’s FY2018 Earnings (DLTR)

Today, Analysts Offer Predictions for Dollar Tree Inc.’s FY2018 Earnings (DLTR)

Dollar Tree Inc. (NASDAQ:DLTR) – Analysts at KeyCorp lifted their FY2018 earnings per share estimates for Dollar Tree in a report issued on Tuesday. KeyCorp analyst B. Thomas now forecasts that the firm will earn $4.47 per share for the year, up from their previous forecast of $4.45. KeyCorp currently has a “Overweight” rating and a $90.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Group reaffirmed a “hold” rating and set a $80.00 price target on shares of Dollar Tree in a research note on Thursday, November 10th. Barclays PLC reissued a “hold” rating and issued a $84.00 price objective on shares of Dollar Tree in a research note on Wednesday. Deutsche Bank AG raised shares of Dollar Tree from a “hold” rating to a “buy” rating and increased their price objective for the company from $82.00 to $110.00 in a research note on Monday, August 1st. Credit Suisse Group AG set a $75.00 price objective on shares of Dollar Tree and gave the company a “sell” rating in a research note on Tuesday. Finally, Vetr cut shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 price objective on the stock. in a research note on Monday, October 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $91.23.

Shares of Dollar Tree (NASDAQ:DLTR) traded up 0.53% during midday trading on Thursday, hitting $89.33. 595,314 shares of the company’s stock were exchanged. The firm has a market cap of $21.06 billion, a PE ratio of 29.64 and a beta of 0.57. The stock’s 50-day moving average price is $77.65 and its 200 day moving average price is $85.83. Dollar Tree has a one year low of $72.52 and a one year high of $99.93.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Dollar Tree had a net margin of 3.93% and a return on equity of 17.52%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. Dollar Tree’s quarterly revenue was up 1.1% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in DLTR. Vanguard Group Inc. increased its position in Dollar Tree by 2.5% in the second quarter. Vanguard Group Inc. now owns 20,047,522 shares of the company’s stock worth $1,889,278,000 after buying an additional 492,077 shares in the last quarter. Lone Pine Capital LLC increased its position in Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock worth $1,259,249,000 after buying an additional 1,755,667 shares in the last quarter. FMR LLC increased its position in Dollar Tree by 7.1% in the second quarter. FMR LLC now owns 8,489,053 shares of the company’s stock worth $800,008,000 after buying an additional 561,520 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Dollar Tree by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,089,909 shares of the company’s stock worth $480,677,000 after buying an additional 78,952 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Dollar Tree by 6.4% in the third quarter. Wells Fargo & Company MN now owns 5,547,050 shares of the company’s stock worth $437,829,000 after buying an additional 331,891 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,470 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was purchased at an average price of $85.00 per share, with a total value of $124,950.00. Following the completion of the acquisition, the director now directly owns 9,469 shares in the company, valued at approximately $804,865. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Conrad M. Hall acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was acquired at an average cost of $85.60 per share, with a total value of $428,000.00. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at $68,394.40. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

About Dollar Tree

Related posts

Leave a Comment