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

Dollar Tree (NASDAQ:DLTR) updated its third quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.050-1.150 for the period, compared to the consensus earnings per share estimate of 1.060. The company issued revenue guidance of $7.4 billion-$7.6 billion, compared to the consensus revenue estimate of $7.4 billion. Dollar Tree also updated its Q3 guidance to $1.05-1.15 EPS.

Dollar Tree Stock Performance

NASDAQ:DLTR traded up $0.26 during mid-day trading on Tuesday, reaching $67.07. 2,704,642 shares of the stock were exchanged, compared to its average volume of 3,236,854. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree has a 1 year low of $60.81 and a 1 year high of $151.21. The company has a 50 day simple moving average of $70.97 and a 200-day simple moving average of $95.62. The stock has a market capitalization of $14.42 billion, a P/E ratio of -13.59, a P/E/G ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts anticipate that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on DLTR. Evercore ISI lowered their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. The Goldman Sachs Group reduced their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. KeyCorp lowered their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $95.00 to $75.00 in a report on Tuesday. Finally, Melius Research initiated coverage on shares of Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.11.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.80% of the stock is owned by corporate insiders.

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.