Dollar Tree, Inc. (NASDAQ:DLTR) to Post FY2024 Earnings of $6.04 Per Share, KeyCorp Forecasts
Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) – Analysts at KeyCorp decreased their FY2024 earnings estimates for shares of Dollar Tree in a research note issued on Wednesday, November 29th. KeyCorp analyst B. Thomas now forecasts that the company will post earnings of $6.04 per share for the year, down from their previous forecast of $6.07. The consensus estimate for Dollar Tree’s current full-year earnings is $5.98 per share. KeyCorp also issued estimates for Dollar Tree’s Q4 2024 earnings at $2.71 EPS.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings data on Wednesday, November 29th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.40 billion. Dollar Tree had a return on equity of 13.34% and a net margin of 3.92%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS.
Several other research firms also recently weighed in on DLTR. Telsey Advisory Group reissued an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research report on Thursday. Morgan Stanley dropped their target price on shares of Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday. Barclays dropped their target price on shares of Dollar Tree from $138.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Friday, August 25th. TheStreet downgraded shares of Dollar Tree from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Finally, Piper Sandler dropped their target price on shares of Dollar Tree from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $146.56.
Read Our Latest Stock Analysis on Dollar Tree
Dollar Tree Trading Up 2.1 %
NASDAQ DLTR opened at $126.15 on Monday. The company has a quick ratio of 0.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.38. The firm has a market cap of $27.48 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 7.69 and a beta of 0.81. The company has a 50 day moving average price of $111.82 and a 200 day moving average price of $128.77. Dollar Tree has a 52 week low of $102.77 and a 52 week high of $161.10.
Hedge Funds Weigh In On Dollar Tree
Large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its position in Dollar Tree by 15.2% during the first quarter. Guggenheim Capital LLC now owns 48,582 shares of the company’s stock worth $6,974,000 after acquiring an additional 6,423 shares during the period. Norris Perne & French LLP MI raised its position in Dollar Tree by 1.2% during the second quarter. Norris Perne & French LLP MI now owns 92,987 shares of the company’s stock worth $13,344,000 after acquiring an additional 1,147 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Dollar Tree by 37.6% during the first quarter. Vanguard Personalized Indexing Management LLC now owns 12,945 shares of the company’s stock worth $1,858,000 after acquiring an additional 3,537 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dollar Tree by 9.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,780 shares of the company’s stock worth $5,280,000 after acquiring an additional 3,043 shares during the period. Finally, Paralel Advisors LLC raised its position in Dollar Tree by 2.7% during the first quarter. Paralel Advisors LLC now owns 11,336 shares of the company’s stock worth $1,627,000 after acquiring an additional 298 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Daniel J. Heinrich purchased 1,650 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average cost of $105.24 per share, with a total value of $173,646.00. Following the completion of the acquisition, the director now owns 1,650 shares of the company’s stock, valued at approximately $173,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert Aflatooni sold 1,259 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $107.03, for a total transaction of $134,750.77. Following the sale, the insider now directly owns 7,157 shares of the company’s stock, valued at $766,013.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich purchased 1,650 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average cost of $105.24 per share, for a total transaction of $173,646.00. Following the completion of the acquisition, the director now directly owns 1,650 shares of the company’s stock, valued at approximately $173,646. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.
Dollar Tree Company Profile (Get Free Report)
Dollar Tree, Inc operates discount variety retail stores. The company 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, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, 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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