Dollar Tree (NASDAQ:DLTR) Issues Earnings Results

Dollar Tree (NASDAQ:DLTR) posted its quarterly earnings data on Wednesday. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37), Briefing.com reports. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the business earned $0.91 EPS. Dollar Tree’s revenue was up .7% on a year-over-year basis.

Dollar Tree Stock Performance

Shares of DLTR opened at $63.56 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of -13.85, a PEG ratio of 0.93 and a beta of 0.87. The stock has a 50 day moving average of $99.39 and a 200 day moving average of $116.02. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler lowered Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. BMO Capital Markets lowered their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Citigroup cut Dollar Tree from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Evercore ISI upped their target price on Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Finally, Wells Fargo & Company lowered their target price on Dollar Tree from $160.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.22.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

About Dollar Tree

Dollar Tree, Inc operates retail discount 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.