Dollar Tree (NASDAQ:DLTR) Announces Earnings Results

Dollar Tree (NASDAQ:DLTR) announced its quarterly earnings results on Monday. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.04, FiscalAI reports. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a positive return on equity of 30.23% and a negative net margin of 15.40%.

Dollar Tree Price Performance

Dollar Tree stock opened at $107.46 on Monday. The stock has a market capitalization of $21.37 billion, a P/E ratio of -7.99, a P/E/G ratio of 1.34 and a beta of 0.73. The company’s fifty day moving average price is $125.92 and its 200 day moving average price is $112.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. Dollar Tree has a 1 year low of $61.87 and a 1 year high of $142.40.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Rothschild & Co Redburn set a $165.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a report on Tuesday, February 17th. UBS Group raised their price target on shares of Dollar Tree from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $126.00 price objective on shares of Dollar Tree in a report on Thursday, January 8th. Evercore decreased their price objective on shares of Dollar Tree from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, February 3rd. Finally, Citigroup reissued a “neutral” rating and set a $132.00 target price on shares of Dollar Tree in a research note on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average price target of $124.62.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Dollar Tree by 3,237.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,750 shares of the company’s stock worth $1,032,000 after purchasing an additional 13,338 shares during the last quarter. Woodline Partners LP boosted its holdings in Dollar Tree by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,078 shares of the company’s stock worth $1,282,000 after buying an additional 4,941 shares during the last quarter. Focus Partners Wealth boosted its holdings in Dollar Tree by 2.0% in the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock worth $799,000 after buying an additional 213 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Dollar Tree during the 2nd quarter worth approximately $257,000. Finally, CW Advisors LLC purchased a new stake in Dollar Tree during the 2nd quarter worth approximately $264,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.