Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) – Research analysts at Telsey Advisory Group dropped their FY2023 earnings estimates for Dollar Tree in a report issued on Wednesday, November 23rd. Telsey Advisory Group analyst J. Feldman now expects that the company will post earnings per share of $7.22 for the year, down from their prior forecast of $7.36. Telsey Advisory Group has a “Outperform” rating and a $170.00 price objective on the stock. The consensus estimate for Dollar Tree’s current full-year earnings is $7.20 per share. Telsey Advisory Group also issued estimates for Dollar Tree’s Q4 2023 earnings at $2.05 EPS, Q2 2024 earnings at $1.76 EPS, Q3 2024 earnings at $1.61 EPS, Q4 2024 earnings at $2.50 EPS and FY2024 earnings at $8.08 EPS.
Dollar Tree (NASDAQ:DLTR – Get Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The company had revenue of $6.94 billion during the quarter, compared to analyst estimates of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share.
Dollar Tree Stock Performance
Shares of Dollar Tree stock opened at $150.14 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22. The firm has a market cap of $33.62 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.34 and a beta of 0.73. The firm has a 50 day simple moving average of $148.69 and a 200 day simple moving average of $153.94. Dollar Tree has a fifty-two week low of $123.62 and a fifty-two week high of $177.19.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Dollar Tree by 15.8% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,225 shares of the company’s stock valued at $356,000 after purchasing an additional 303 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Dollar Tree by 60.3% during the 1st quarter. Prospera Financial Services Inc now owns 13,492 shares of the company’s stock worth $2,161,000 after acquiring an additional 5,073 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Dollar Tree by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 56,769 shares of the company’s stock worth $9,092,000 after acquiring an additional 184 shares during the period. Advisor Group Holdings Inc. increased its position in Dollar Tree by 33.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 51,018 shares of the company’s stock worth $7,018,000 after purchasing an additional 12,796 shares in the last quarter. Finally, Dowling & Yahnke LLC acquired a new position in Dollar Tree during the 1st quarter worth approximately $204,000. Institutional investors and hedge funds own 95.04% of the company’s stock.
About Dollar Tree
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.
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