Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Post FY2023 Earnings of $7.04 Per Share

Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) – Investment analysts at KeyCorp dropped their FY2023 earnings per share (EPS) estimates for Dollar Tree in a research report issued to clients and investors on Tuesday, November 22nd. KeyCorp analyst B. Thomas now anticipates that the company will post earnings per share of $7.04 for the year, down from their prior estimate of $7.30. The consensus estimate for Dollar Tree’s current full-year earnings is $7.20 per share. KeyCorp also issued estimates for Dollar Tree’s FY2024 earnings at $8.00 EPS.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The firm had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year.

A number of other brokerages have also recently commented on DLTR. Wells Fargo & Company reduced their price objective on Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. Piper Sandler reduced their price objective on Dollar Tree from $191.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. JPMorgan Chase & Co. boosted their price target on Dollar Tree from $171.00 to $176.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. Morgan Stanley cut their price target on Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Friday, August 26th. Finally, UBS Group boosted their price target on Dollar Tree from $171.00 to $177.00 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.13.

Dollar Tree Trading Down 1.5 %

Shares of DLTR opened at $150.14 on Thursday. The stock’s 50-day moving average is $148.69 and its two-hundred day moving average is $153.94. The stock has a market cap of $33.62 billion, a PE ratio of 20.91, a P/E/G ratio of 1.34 and a beta of 0.73. Dollar Tree has a 12 month low of $123.62 and a 12 month high of $177.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors have recently made changes to their positions in DLTR. Ellevest Inc. grew its holdings in shares of Dollar Tree by 452.8% during the second quarter. Ellevest Inc. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Karlinski Andrew C bought a new position in Dollar Tree in the 1st quarter worth approximately $32,000. Providence Capital Advisors LLC grew its holdings in Dollar Tree by 95.2% in the 1st quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock worth $33,000 after buying an additional 99 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Dollar Tree by 517.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 216 shares of the company’s stock worth $34,000 after buying an additional 181 shares in the last quarter. Finally, Alpha Paradigm Partners LLC bought a new position in Dollar Tree in the 3rd quarter worth approximately $35,000. 95.04% of the stock is owned by institutional investors.

Dollar Tree Company Profile

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

Further Reading

Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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