Dollar Tree (DLTR) Expected to Announce Earnings on Wednesday

Dollar Tree (NASDAQ:DLTR) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect Dollar Tree to post earnings of $2.18 per share and revenue of $8.24 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $67.44 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $150.74. The company’s fifty day moving average price is $72.82 and its two-hundred day moving average price is $71.51. The firm has a market capitalization of $14.50 billion, a P/E ratio of -14.14, a P/E/G ratio of 2.16 and a beta of 0.91.

Analysts Set New Price Targets

Several research analysts have weighed in on DLTR shares. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Guggenheim lowered their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Wells Fargo & Company dropped their price target on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group increased their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Company Profile

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.