Dollar Tree (NASDAQ:DLTR) Releases Earnings Results, Misses Estimates By $0.05 EPS

Dollar Tree (NASDAQ:DLTR) posted its quarterly earnings data on Tuesday. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05), RTT News reports. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.74 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Dollar Tree updated its Q4 2019
Pre-Market guidance to $1.70-1.80 EPS and its FY 2019
Pre-Market guidance to $4.66-4.76 EPS.

Shares of NASDAQ:DLTR opened at $93.03 on Thursday. The stock has a market capitalization of $26.59 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.55. Dollar Tree has a 1-year low of $81.71 and a 1-year high of $119.71. The company’s fifty day moving average is $111.76 and its two-hundred day moving average is $106.52. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06.

In other news, Chairman Bob Sasser sold 70,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $115.92, for a total transaction of $8,114,400.00. Following the completion of the transaction, the chairman now owns 719 shares in the company, valued at $83,346.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Maxwell sold 2,800 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $107.15, for a total transaction of $300,020.00. Following the transaction, the insider now owns 7,254 shares of the company’s stock, valued at approximately $777,266.10. The disclosure for this sale can be found here. Insiders have sold 81,519 shares of company stock worth $9,408,464 over the last three months. 1.40% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on DLTR. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to an “accumulate” rating in a report on Tuesday. Buckingham Research set a $116.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Friday, August 23rd. BidaskClub upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Finally, UBS Group restated a “buy” rating and issued a $108.00 target price on shares of Dollar Tree in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $105.80.

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.

Read More: Cost of Capital Explained

Earnings History for Dollar Tree (NASDAQ:DLTR)

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