Dollar Tree (NASDAQ:DLTR) Posts Quarterly Earnings Results, Misses Estimates By $0.37 EPS

Dollar Tree (NASDAQ:DLTR) issued its quarterly earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37), Briefing.com reports. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share.

Dollar Tree Stock Down 1.8 %

Shares of DLTR stock traded down $1.22 on Friday, reaching $67.25. 1,817,315 shares of the stock were exchanged, compared to its average volume of 3,044,074. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of -14.92, a PEG ratio of 0.93 and a beta of 0.87. The business’s 50 day moving average price is $98.65 and its 200 day moving average price is $115.69. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21.

Insider Buying and Selling at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DLTR. KeyCorp reduced their price objective on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research 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 report on Thursday. Barclays dropped their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday. Finally, Citigroup decreased their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.63.

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.