Dollar Tree Inc. (NASDAQ:DLTR) – Northcoast Research raised their Q1 2018 earnings per share estimates for shares of Dollar Tree in a research note issued to investors on Wednesday. Northcoast Research analyst N. Mitchell now expects that the firm will post earnings of $1.06 per share for the quarter, up from their previous forecast of $1.02. Northcoast Research also issued estimates for Dollar Tree’s Q2 2018 earnings at $0.89 EPS and Q3 2018 earnings at $0.81 EPS.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. Dollar Tree had a return on equity of 17.52% and a net margin of 3.93%. The business earned $5 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Dollar Tree’s revenue for the quarter was up 1.1% compared to the same quarter last year.
A number of other brokerages have also weighed in on DLTR. Deutsche Bank AG raised shares of Dollar Tree from a “hold” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $110.00 in a report on Monday, August 1st. MKM Partners reissued a “buy” rating and set a $104.00 price objective (up from $80.00) on shares of Dollar Tree in a report on Tuesday, August 23rd. Credit Suisse Group AG set a $75.00 price objective on shares of Dollar Tree and gave the company a “sell” rating in a report on Tuesday. Barclays PLC reissued a “hold” rating and set a $84.00 price objective on shares of Dollar Tree in a report on Wednesday. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $85.00 price objective (down from $87.00) on shares of Dollar Tree in a report on Monday, August 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Dollar Tree presently has an average rating of “Hold” and a consensus price target of $91.23.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 0.32% during midday trading on Thursday, reaching $89.14. The company’s stock had a trading volume of 323,366 shares. The stock has a 50-day moving average of $77.65 and a 200 day moving average of $85.83. The firm has a market capitalization of $21.02 billion, a P/E ratio of 29.58 and a beta of 0.57. Dollar Tree has a 12-month low of $72.52 and a 12-month high of $99.93.
In related news, Director Lemuel E. Lewis acquired 1,560 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average cost of $80.00 per share, for a total transaction of $124,800.00. Following the acquisition, the director now owns 11,029 shares in the company, valued at approximately $882,320. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis acquired 1,470 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $85.00 per share, for a total transaction of $124,950.00. Following the completion of the acquisition, the director now owns 9,469 shares in the company, valued at approximately $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of DLTR. Tower Research Capital LLC TRC raised its position in shares of Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock valued at $100,000 after buying an additional 993 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Dollar Tree during the second quarter worth about $108,000. Signaturefd LLC raised its stake in Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock worth $119,000 after buying an additional 19 shares during the period. Tredje AP fonden acquired a new stake in Dollar Tree during the second quarter worth about $120,000. Finally, Global X Management Co. LLC raised its stake in Dollar Tree by 121.0% in the second quarter. Global X Management Co. LLC now owns 1,423 shares of the company’s stock worth $134,000 after buying an additional 779 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Dollar Tree Company Profile