Dollar Tree (NASDAQ:DLTR) Updates FY22 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.48-$5.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.56. The company issued revenue guidance of $26.25-$26.41 billion, compared to the consensus revenue estimate of $26.28 billion.Dollar Tree also updated its FY 2021 guidance to $5.480-$5.580 EPS.

DLTR traded up $1.90 during trading hours on Thursday, hitting $146.61. 3,757,081 shares of the company’s stock were exchanged, compared to its average volume of 2,845,121. Dollar Tree has a 1-year low of $84.26 and a 1-year high of $149.37. The stock’s 50-day moving average is $105.89 and its two-hundred day moving average is $102.03. The stock has a market cap of $32.97 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.99 and a beta of 0.81. The company has a quick ratio of 0.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 23rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Dollar Tree had a net margin of 5.78% and a return on equity of 20.78%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. On average, equities research analysts anticipate that Dollar Tree will post 5.53 EPS for the current year.

Dollar Tree announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 29th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of research firms have recently issued reports on DLTR. Loop Capital raised their target price on shares of Dollar Tree from $90.00 to $110.00 and gave the stock a hold rating in a research note on Monday, November 15th. Evercore ISI raised their target price on shares of Dollar Tree from $125.00 to $150.00 and gave the stock an in-line rating in a research note on Wednesday. Piper Sandler raised their target price on shares of Dollar Tree from $93.00 to $144.00 and gave the stock a neutral rating in a research note on Wednesday. Bank of America raised their target price on shares of Dollar Tree from $90.00 to $108.00 and gave the stock an underperform rating in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on shares of Dollar Tree from $97.00 to $155.00 and gave the stock a market perform rating in a research note on Wednesday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of Buy and an average price target of $137.50.

In other Dollar Tree news, insider William A. Old, Jr. sold 16,267 shares of the firm’s stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $125.46, for a total value of $2,040,857.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

About Dollar Tree

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

Further Reading: What are earnings reports?

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

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.