Dollar Tree (NASDAQ:DLTR) Updates Q3 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $1.05-1.15 for the period, compared to the consensus EPS estimate of $1.06. The company issued revenue guidance of $7.4-7.6 billion, compared to the consensus revenue estimate of $7.44 billion. Dollar Tree also updated its Q3 2024 guidance to 1.050-1.150 EPS.

Analysts Set New Price Targets

Several brokerages have commented on DLTR. The Goldman Sachs Group cut their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, September 5th. Citigroup lowered their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Barclays dropped their target price on shares of 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, Morgan Stanley cut their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $88.11.

Dollar Tree Stock Down 8.2 %

Dollar Tree stock traded down $5.49 during mid-day trading on Wednesday, reaching $61.28. 4,590,947 shares of the company were exchanged, compared to its average volume of 3,257,189. The business has a fifty day moving average of $70.40 and a 200 day moving average of $95.23. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The firm has a market cap of $13.17 billion, a P/E ratio of -13.68, a PEG ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Research analysts anticipate that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

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.