Zacks: Analysts Expect Dollar Tree, Inc. (DLTR) Will Announce Quarterly Sales of $6.39 Billion

Equities research analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report sales of $6.39 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Dollar Tree’s earnings. The lowest sales estimate is $6.36 billion and the highest is $6.43 billion. Dollar Tree posted sales of $5.64 billion during the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The company is expected to issue its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Dollar Tree will report full-year sales of $6.39 billion for the current year, with estimates ranging from $22.21 billion to $22.31 billion. For the next financial year, analysts anticipate that the firm will post sales of $23.10 billion per share, with estimates ranging from $22.92 billion to $23.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis.

Several brokerages recently issued reports on DLTR. BMO Capital Markets restated a “hold” rating and set a $90.00 target price on shares of Dollar Tree in a research report on Thursday, November 2nd. MKM Partners boosted their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $92.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, KeyCorp restated a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research report on Friday, November 10th. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $101.79.

Shares of Dollar Tree (NASDAQ DLTR) traded up $0.84 during midday trading on Friday, reaching $108.86. 1,825,500 shares of the company traded hands, compared to its average volume of 1,585,767. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The company has a market capitalization of $26,280.00, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.63. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $110.86.

In other news, CFO Kevin S. Wampler sold 12,559 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $103.89, for a total value of $1,304,754.51. Following the transaction, the chief financial officer now owns 77,164 shares of the company’s stock, valued at $8,016,567.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Saunders sold 18,621 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $91.11, for a total transaction of $1,696,559.31. The disclosure for this sale can be found here. Insiders have sold 376,240 shares of company stock worth $35,916,820 in the last ninety days. Insiders own 4.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC raised its stake in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after purchasing an additional 825 shares in the last quarter. Sun Life Financial INC raised its stake in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in Dollar Tree during the third quarter valued at $150,000. YorkBridge Wealth Partners LLC raised its stake in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares in the last quarter. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

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Dollar Tree Company Profile

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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