Dollar Tree (NASDAQ:DLTR) Issues Q4 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.100-2.300 for the period, compared to the consensus estimate of 2.220. The company issued revenue guidance of $8.1 billion-$8.3 billion, compared to the consensus revenue estimate of $8.3 billion. Dollar Tree also updated its FY 2024 guidance to 5.310-5.510 EPS.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $72.48 on Wednesday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a 50 day moving average of $67.52 and a two-hundred day moving average of $87.66. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm has a market cap of $15.58 billion, a P/E ratio of -14.85, a price-to-earnings-growth ratio of 2.88 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. On average, analysts expect that Dollar Tree will post 5.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company reduced their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. The Goldman Sachs Group reduced their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Melius Research began coverage on Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, Telsey Advisory Group cut Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $87.53.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate 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.