Dollar Tree (NASDAQ:DLTR) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.25-5.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.72. The company issued revenue guidance of $22.7-23.12 billion, compared to the consensus revenue estimate of $23.10 billion.Dollar Tree also updated its Q1 guidance to $1.18-1.25 EPS.
Shares of Dollar Tree (NASDAQ:DLTR) opened at $92.70 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $24,335.58, a PE ratio of 24.85, a P/E/G ratio of 1.26 and a beta of 0.80. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $116.65.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. research analysts anticipate that Dollar Tree will post 4.88 EPS for the current fiscal year.
DLTR has been the subject of a number of recent research reports. Buckingham Research boosted their target price on shares of Dollar Tree from $93.00 to $111.00 and gave the stock a buy rating in a report on Monday, November 20th. UBS Group reiterated a buy rating and issued a $106.00 target price (up from $100.00) on shares of Dollar Tree in a report on Tuesday, November 14th. Goldman Sachs Group initiated coverage on shares of Dollar Tree in a report on Tuesday, November 14th. They issued a buy rating and a $106.00 target price for the company. KeyCorp reiterated a buy rating and issued a $98.00 target price on shares of Dollar Tree in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Dollar Tree from a hold rating to a buy rating and set a $105.00 target price for the company in a report on Wednesday, November 8th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $105.92.
In other news, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.15, for a total transaction of $1,345,386.00. Following the transaction, the director now owns 2,326,702 shares in the company, valued at $251,632,821.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.