Dollar Tree (NASDAQ:DLTR) Releases Q4 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.100-2.300 for the period, compared to the consensus earnings per share estimate of 2.220. The company issued revenue guidance of $8.1 billion-$8.3 billion, compared to the consensus revenue estimate of $8.3 billion. Dollar Tree also updated its FY 2024 guidance to 5.310-5.510 EPS.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial cut their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Piper Sandler reduced their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Barclays decreased their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.53.

Dollar Tree Stock Down 0.5 %

Dollar Tree stock opened at $72.48 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock has a market cap of $15.58 billion, a PE ratio of -14.85, a price-to-earnings-growth ratio of 2.88 and a beta of 0.92. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm’s 50-day simple moving average is $67.52 and its 200 day simple moving average is $87.66.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. Research analysts predict that Dollar Tree will post 5.35 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.