Zacks: Brokerages Anticipate Dollar Tree, Inc. (DLTR) Will Post Quarterly Sales of $5.23 Billion

Brokerages forecast that Dollar Tree, Inc. (NASDAQ:DLTR) will post $5.23 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Dollar Tree’s earnings, with estimates ranging from $5.21 billion to $5.25 billion. Dollar Tree posted sales of $5.00 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The company is expected to report its next earnings report on Thursday, August 24th.

On average, analysts expect that Dollar Tree will report full-year sales of $5.23 billion for the current financial year, with estimates ranging from $21.98 billion to $22.28 billion. For the next fiscal year, analysts expect that the firm will report sales of $22.87 billion per share, with estimates ranging from $22.56 billion to $23.09 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS.

A number of analysts have recently weighed in on the stock. Gordon Haskett assumed coverage on shares of Dollar Tree in a report on Tuesday, May 9th. They set a “buy” rating and a $98.00 target price for the company. BTIG Research reiterated a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a report on Monday, May 22nd. Johnson Rice upgraded shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a report on Monday, April 24th. Bank of America Corporation reiterated a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Dollar Tree in a report on Sunday, May 28th. Finally, BMO Capital Markets set a $88.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $86.91.

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In other news, Director Lemuel E. Lewis purchased 3,475 shares of Dollar Tree stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average price of $71.45 per share, with a total value of $248,288.75. Following the completion of the transaction, the director now directly owns 12,744 shares of the company’s stock, valued at $910,558.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Conrad M. Hall purchased 5,000 shares of Dollar Tree stock in a transaction that occurred on Monday, July 10th. The shares were purchased at an average cost of $66.16 per share, with a total value of $330,800.00. Following the transaction, the director now directly owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The disclosure for this purchase can be found here. Insiders have bought 10,375 shares of company stock valued at $705,819 over the last quarter. Company insiders own 4.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. increased its stake in shares of Dollar Tree by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 205,218 shares of the company’s stock valued at $16,101,000 after buying an additional 6,227 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Dollar Tree by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 72,367 shares of the company’s stock valued at $5,677,000 after buying an additional 1,000 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock valued at $134,000 after buying an additional 134 shares during the period. National Pension Service increased its stake in shares of Dollar Tree by 15.7% in the first quarter. National Pension Service now owns 221,171 shares of the company’s stock valued at $17,570,000 after buying an additional 30,070 shares during the period. Finally, Carroll Financial Associates Inc. increased its stake in shares of Dollar Tree by 12.0% in the first quarter. Carroll Financial Associates Inc. now owns 4,003 shares of the company’s stock valued at $314,000 after buying an additional 430 shares during the period. 91.71% of the stock is owned by institutional investors.

Dollar Tree (NASDAQ:DLTR) opened at 74.92 on Thursday. The stock has a 50 day moving average price of $70.28 and a 200-day moving average price of $75.75. The firm has a market capitalization of $17.73 billion, a P/E ratio of 20.53 and a beta of 0.68. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $99.93.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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