Dollar Tree (NASDAQ:DLTR - Get Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.45-$1.55 for the period, compared to the consensus estimate of $1.71. The company issued revenue guidance of $6.65 billion-$6.78 billion, compared to the consensus revenue estimate of $6.75 billion. Dollar Tree also updated its FY 2022 guidance to $7.80-$8.20 EPS.
A number of research firms recently commented on DLTR. Morgan Stanley lifted their price target on Dollar Tree from $150.00 to $160.00 and gave the stock an equal weight rating in a research note on Friday, May 27th. Barclays lifted their target price on Dollar Tree from $140.00 to $150.00 and gave the company an equal weight rating in a research note on Friday, May 27th. Citigroup lifted their target price on Dollar Tree from $162.00 to $190.00 and gave the company a buy rating in a research note on Tuesday, May 31st. Guggenheim lifted their target price on Dollar Tree to $185.00 in a research note on Friday, May 27th. Finally, BMO Capital Markets lifted their target price on Dollar Tree from $180.00 to $187.00 in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of Moderate Buy and an average price target of $163.82.
Dollar Tree stock opened at $155.03 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.46. The firm has a market cap of $34.81 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70. Dollar Tree has a 1 year low of $84.26 and a 1 year high of $177.19. The firm's 50 day moving average price is $158.46 and its two-hundred day moving average price is $148.26.
Dollar Tree (NASDAQ:DLTR - Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.37. The firm had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. Dollar Tree had a net margin of 5.57% and a return on equity of 19.71%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. As a group, equities analysts predict that Dollar Tree will post 8.15 EPS for the current fiscal year.
In other news, Director Daniel J. Heinrich acquired 425 shares of the stock in a transaction on Monday, March 28th. The shares were purchased at an average cost of $156.09 per share, for a total transaction of $66,338.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $157.94, for a total transaction of $85,603.48. Following the transaction, the insider now owns 17,085 shares in the company, valued at $2,698,404.90. The disclosure for this sale can be found here. Insiders own 5.80% of the company's stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fund Management at Engine No. 1 LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $305,000. Atria Wealth Solutions Inc. purchased a new position in shares of Dollar Tree during the 1st quarter valued at $291,000. Evergreen Capital Management LLC grew its holdings in shares of Dollar Tree by 6.8% during the 1st quarter. Evergreen Capital Management LLC now owns 1,718 shares of the company's stock valued at $275,000 after acquiring an additional 109 shares in the last quarter. Evercore Wealth Management LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $268,000. Finally, United Capital Financial Advisers LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $234,000. Hedge funds and other institutional investors own 98.54% of the company's stock.
Dollar Tree Company Profile (Get Rating)
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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