Zacks: Brokerages Expect Dollar Tree, Inc. (NASDAQ:DLTR) Will Post Quarterly Sales of $5.74 Billion

Equities research analysts predict that Dollar Tree, Inc. (NASDAQ:DLTR) will announce sales of $5.74 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Dollar Tree’s earnings, with estimates ranging from $5.70 billion to $5.76 billion. Dollar Tree reported sales of $5.54 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next earnings report before the market opens on Tuesday, November 26th.

According to Zacks, analysts expect that Dollar Tree will report full-year sales of $23.71 billion for the current fiscal year, with estimates ranging from $23.59 billion to $23.83 billion. For the next financial year, analysts expect that the company will post sales of $24.76 billion, with estimates ranging from $24.55 billion to $25.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share.

Several equities research analysts have recently weighed in on DLTR shares. Deutsche Bank lowered Dollar Tree from a “buy” rating to a “hold” rating and cut their target price for the stock from $106.00 to $99.00 in a research report on Monday, August 5th. Credit Suisse Group raised their target price on Dollar Tree from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. UBS Group set a $120.00 target price on Dollar Tree and gave the stock a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on Dollar Tree from $116.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada cut their target price on Dollar Tree from $113.00 to $108.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $110.34.

In other news, Director Thomas A. Saunders sold 1,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $116.20, for a total transaction of $116,200.00. Following the sale, the director now directly owns 2,380,145 shares in the company, valued at approximately $276,572,849. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bob Sasser sold 70,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $115.92, for a total value of $8,114,400.00. Following the sale, the chairman now owns 719 shares in the company, valued at $83,346.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,519 shares of company stock worth $9,408,464. 1.40% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in DLTR. Price T Rowe Associates Inc. MD increased its position in Dollar Tree by 15.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,778,093 shares of the company’s stock valued at $2,231,360,000 after acquiring an additional 2,816,679 shares during the period. Nuveen Asset Management LLC increased its position in Dollar Tree by 12,911.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,619,679 shares of the company’s stock valued at $173,938,000 after acquiring an additional 1,607,231 shares during the period. Renaissance Technologies LLC increased its position in Dollar Tree by 16,610.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,454,295 shares of the company’s stock valued at $156,177,000 after acquiring an additional 1,445,592 shares during the period. BlackRock Inc. increased its position in Dollar Tree by 6.5% in the 2nd quarter. BlackRock Inc. now owns 20,601,534 shares of the company’s stock valued at $2,212,401,000 after acquiring an additional 1,260,064 shares during the period. Finally, Vanguard Group Inc. increased its position in Dollar Tree by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 25,251,187 shares of the company’s stock valued at $2,711,724,000 after acquiring an additional 1,124,357 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

Shares of NASDAQ DLTR opened at $108.85 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06. Dollar Tree has a fifty-two week low of $81.02 and a fifty-two week high of $119.71. The firm has a market capitalization of $25.73 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The stock’s 50-day simple moving average is $113.61 and its 200-day simple moving average is $106.67.

Dollar Tree Company Profile

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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