Wall Street brokerages predict that Dollar Tree, Inc. (NASDAQ:DLTR) will announce earnings per share (EPS) of $0.90 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Dollar Tree’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.69. Dollar Tree reported earnings per share of $1.15 during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.7%. The firm is expected to report its next quarterly earnings results on Thursday, August 29th.

According to Zacks, analysts expect that Dollar Tree will report full-year earnings of $5.20 per share for the current year, with EPS estimates ranging from $4.99 to $5.38. For the next year, analysts anticipate that the business will post earnings of $5.93 per share, with EPS estimates ranging from $5.63 to $6.03. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same period in the previous year, the firm posted $1.19 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis.

Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Telsey Advisory Group upgraded shares of Dollar Tree from a “market perform” rating to an “outperform” rating and upped their price target for the company from $103.00 to $117.00 in a report on Wednesday, March 20th. TheStreet upgraded shares of Dollar Tree from a “c” rating to a “b-” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $122.00 price target on the stock in a report on Tuesday, June 11th. Finally, Morgan Stanley upped their price target on shares of Dollar Tree from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Dollar Tree has a consensus rating of “Buy” and an average target price of $104.24.

In other news, insider Joshua R. Jewett sold 3,632 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $101.67, for a total value of $369,265.44. Following the completion of the sale, the insider now owns 6,262 shares of the company’s stock, valued at approximately $636,657.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Saunders sold 14,530 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $111.85, for a total transaction of $1,625,180.50. Following the completion of the sale, the director now directly owns 2,391,704 shares of the company’s stock, valued at approximately $267,512,092.40. The disclosure for this sale can be found here. Insiders sold a total of 84,403 shares of company stock worth $9,148,188 over the last 90 days. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Norges Bank purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $274,937,000. Jackson Square Partners LLC lifted its position in shares of Dollar Tree by 55.9% in the 1st quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock worth $693,250,000 after purchasing an additional 2,367,545 shares during the period. Macquarie Group Ltd. lifted its position in shares of Dollar Tree by 15.4% in the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock worth $881,404,000 after purchasing an additional 1,303,200 shares during the period. BlackRock Inc. lifted its position in shares of Dollar Tree by 5.6% in the 1st quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock worth $2,031,629,000 after purchasing an additional 1,024,134 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Dollar Tree in the 1st quarter worth approximately $103,473,000. 94.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Dollar Tree stock traded up $0.21 during trading hours on Wednesday, reaching $111.70. The company’s stock had a trading volume of 63,126 shares, compared to its average volume of 2,245,750. The business’s 50 day simple moving average is $105.58. Dollar Tree has a one year low of $78.78 and a one year high of $113.38. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 1.07. The stock has a market cap of $26.15 billion, a PE ratio of 20.48, a P/E/G ratio of 2.11 and a beta of 0.53.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty 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, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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