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

Dollar Tree (NASDAQ:DLTR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.310-5.510 for the period, compared to the consensus earnings per share estimate of 5.380. The company issued revenue guidance of $30.7 billion-$30.9 billion, compared to the consensus revenue estimate of $30.7 billion. Dollar Tree also updated its Q4 2024 guidance to 2.100-2.300 EPS.

Dollar Tree Stock Down 0.5 %

Shares of DLTR opened at $72.48 on Wednesday. The stock has a fifty day simple moving average of $67.52 and a two-hundred 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 company has a market capitalization of $15.58 billion, a PE ratio of -14.85, a price-to-earnings-growth ratio of 2.88 and a beta of 0.92. Dollar Tree has a 52-week low of $60.49 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 EPS 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 analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities analysts forecast that Dollar Tree will post 5.35 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup cut their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Piper Sandler lowered their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. StockNews.com lowered Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Barclays lowered their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average 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. 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.