Dollar Tree (NASDAQ:DLTR) Updates Q3 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its third quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 1.050-1.150 for the period, compared to the consensus EPS estimate of 1.060. The company issued revenue guidance of $7.4 billion-$7.6 billion, compared to the consensus revenue estimate of $7.4 billion. Dollar Tree also updated its Q3 guidance to $1.05-1.15 EPS.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com lowered Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. UBS Group cut their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Piper Sandler lowered their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Melius Research began coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $88.11.

Dollar Tree Price Performance

DLTR stock traded up $1.49 during midday trading on Thursday, hitting $63.90. The stock had a trading volume of 3,872,538 shares, compared to its average volume of 3,285,760. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $69.76 and a 200 day simple moving average of $95.00. Dollar Tree has a 52 week low of $60.52 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results 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). 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 business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. On average, analysts expect that Dollar Tree will post 5.33 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, 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 is available through this hyperlink. 6.80% of the stock is owned by corporate 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.