Dollar Tree, Inc. (NASDAQ:DLTR) posted its quarterly earnings data on Monday. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.13, Bloomberg Earnings reports. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS.
Shares of Dollar Tree (NASDAQ:DLTR) opened at $97.11 on Tuesday. The company has a market capitalization of $22,410.00, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $97.24.
In other news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the sale, the insider now owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,449 shares of company stock worth $22,808,837. 2.90% of the stock is owned by insiders.
A number of brokerages have recently issued reports on DLTR. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Buckingham Research reissued a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Loop Capital reissued a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, August 22nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $94.25.
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Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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