Dollar Tree (NASDAQ:DLTR) Releases FY 2021 Earnings Guidance

Dollar Tree (NASDAQ:DLTR) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.480-$5.580 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.590. The company issued revenue guidance of $26.25 billion-$26.41 billion, compared to the consensus revenue estimate of $26.26 billion.Dollar Tree also updated its FY22 guidance to $5.48-$5.58 EPS.

DLTR traded up $1.90 during midday trading on Thursday, hitting $146.61. 3,757,081 shares of the company’s stock traded hands, compared to its average volume of 2,845,121. The company has a market cap of $32.97 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.99 and a beta of 0.81. The stock’s fifty day simple moving average is $105.89 and its 200-day simple moving average is $102.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.26. Dollar Tree has a one year low of $84.26 and a one year high of $149.37.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 23rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate 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 return on equity of 20.78% and a net margin of 5.78%. Dollar Tree’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. On average, research analysts expect that Dollar Tree will post 5.53 EPS for the current year.

Dollar Tree announced that its Board of Directors has approved a share buyback program on Wednesday, September 29th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of analysts recently commented on DLTR shares. Bank of America lifted their price objective on Dollar Tree from $90.00 to $108.00 and gave the stock an underperform rating in a research report on Wednesday. Barclays lifted their price objective on Dollar Tree from $100.00 to $140.00 and gave the stock an equal weight rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Dollar Tree from $97.00 to $155.00 and gave the stock a market perform rating in a research report on Wednesday. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft lifted their price objective on Dollar Tree from $148.00 to $171.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Loop Capital lifted their price objective on Dollar Tree from $90.00 to $110.00 and gave the stock a hold rating in a research report on Monday, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree has a consensus rating of Buy and a consensus price target of $137.50.

In other news, insider William A. Old, Jr. sold 16,267 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The stock was 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 is accessible 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.

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

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