Dollar Tree (NASDAQ:DLTR) Releases 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 Trading Up 2.4 %

Shares of Dollar Tree stock traded up $1.49 during trading hours on Thursday, hitting $63.90. 3,872,538 shares of the company’s stock traded hands, compared to its average volume of 3,285,760. Dollar Tree has a twelve month low of $60.52 and a twelve month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $69.76 and a 200-day simple moving average of $95.00.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. As a group, research analysts predict that Dollar Tree will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup cut their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group decreased their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Thursday, September 5th. Finally, Melius Research assumed coverage on Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.11.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

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.