Today: Equities Analysts Set Expectations for Dollar Tree Inc.’s FY2019 Earnings (DLTR)

Today: Equities Analysts Set Expectations for Dollar Tree Inc.’s FY2019 Earnings (DLTR)

Dollar Tree Inc. (NASDAQ:DLTR) – Stock analysts at Jefferies Group raised their FY2019 earnings estimates for shares of Dollar Tree in a report issued on Wednesday. Jefferies Group analyst D. Binder now anticipates that the brokerage will post earnings of $4.80 per share for the year, up from their previous forecast of $4.78. Jefferies Group currently has a “Hold” rating and a $80.00 target price on the stock.

A number of other analysts have also recently commented on the company. Deutsche Bank AG cut their target price on Dollar Tree from $104.00 to $96.00 and set a “buy” rating on the stock in a research report on Monday, October 10th. MKM Partners cut Dollar Tree from a “buy” rating to a “neutral” rating and cut their target price for the stock from $104.00 to $80.00 in a research report on Friday, August 26th. They noted that the move was a valuation call. Piper Jaffray Cos. reiterated a “neutral” rating and set a $85.00 target price (down previously from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Barclays PLC initiated coverage on Dollar Tree in a research report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 target price on the stock. Finally, Morgan Stanley set a $90.00 target price on Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $91.73.

Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.76% during mid-day trading on Monday, hitting $88.50. The stock had a trading volume of 751,728 shares. The firm has a 50 day moving average price of $78.04 and a 200 day moving average price of $85.88. Dollar Tree has a 52-week low of $72.52 and a 52-week high of $99.93. The firm has a market cap of $20.87 billion, a PE ratio of 29.36 and a beta of 0.57.

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 return on equity of 17.15% and a net margin of 3.93%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in Dollar Tree by 2.8% in the second quarter. DAVENPORT & Co LLC now owns 656,497 shares of the company’s stock worth $61,868,000 after buying an additional 17,909 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Dollar Tree by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 43,120 shares of the company’s stock worth $4,064,000 after buying an additional 589 shares during the last quarter. Forte Capital LLC ADV increased its stake in Dollar Tree by 2.7% in the second quarter. Forte Capital LLC ADV now owns 26,123 shares of the company’s stock worth $2,462,000 after buying an additional 690 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Dollar Tree by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 68,117 shares of the company’s stock worth $6,419,000 after buying an additional 200 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Dollar Tree by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,669 shares of the company’s stock worth $19,005,000 after buying an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

In other news, Director Lemuel E. Lewis acquired 1,560 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was acquired at an average cost of $80.00 per share, for a total transaction of $124,800.00. Following the acquisition, the director now directly owns 11,029 shares in the company, valued at approximately $882,320. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Barry W. Sullivan sold 2,449 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total value of $203,781.29. Following the sale, the insider now owns 8,904 shares of the company’s stock, valued at $740,901.84. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

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