Dollar Tree (NASDAQ:DLTR) Issues Q3 2024 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.050-1.150 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of $7.4 billion-$7.6 billion, compared to the consensus revenue estimate of $7.6 billion. Dollar Tree also updated its FY 2024 guidance to 5.200-5.600 EPS.

Dollar Tree Stock Up 7.7 %

Shares of DLTR opened at $68.47 on Friday. The business’s fifty day moving average price is $98.65 and its two-hundred day moving average price is $115.69. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of -14.92, a PEG ratio of 0.93 and a beta of 0.87. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. On average, analysts predict that Dollar Tree will post 6.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a buy rating on the stock in a report on Thursday. Morgan Stanley reduced their price target on Dollar Tree from $130.00 to $80.00 and set an equal weight rating on the stock in a research report on Thursday. Truist Financial decreased their price objective on Dollar Tree from $140.00 to $79.00 and set a buy rating for the company in a research note on Thursday. Wells Fargo & Company reduced their target price on Dollar Tree from $130.00 to $100.00 and set an overweight rating on the stock in a report on Thursday. 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 research note on Thursday. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of Hold and an average target price of $97.63.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.