Dollar Tree (NASDAQ:DLTR) Releases Q4 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.20-2.30 for the period, compared to the consensus estimate of $2.23. The company issued revenue guidance of $8.1-8.3 billion, compared to the consensus revenue estimate of $8.23 billion. Dollar Tree also updated its FY 2024 guidance to 5.310-5.510 EPS.

Dollar Tree Price Performance

DLTR opened at $72.48 on Wednesday. The company has a fifty day simple moving average of $67.52 and a 200 day simple moving average of $87.66. 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 market cap of $15.58 billion, a P/E ratio of -14.85, a P/E/G ratio of 2.88 and a beta of 0.92. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets reduced their price target on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 18th. Melius Research initiated coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target on the stock. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. UBS Group lowered their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $95.00 to $75.00 in a report 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.53.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is owned by company 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.