Dollar Tree (DLTR) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. DLTR said it had a profit of $0.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.78. The company posted revenue of $5001.60 million in the period, compared to analysts expectations of $5062.31 million. DLTR’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Dollar Tree. Dollar Tree was Upgraded by Johnson Rice to ” Accumulate” on Nov 15, 2016. Dollar Tree was Initiated by KeyBanc Capital Mkts to “Overweight” on Oct 13, 2016. Dollar Tree was Downgraded by Atlantic Equities to ” Underweight” on Sep 27, 2016.
Dollar Tree opened for trading at $81.53 and hit $82.14 on the upside on Monday, eventually ending the session at $81.91, with a gain of 0.32% or 0.26 points. The heightened volatility saw the trading volume jump to 36,46,787 shares. Company has a market cap of $19,312 M.
In a different news, on Sep 13, 2016, Lemuel E Lewis (director) purchased 1,560 shares at $80.00 per share price. According to the SEC, on Sep 2, 2016, Barry W Sullivan (Executive Vice President) sold 2,449 shares at $83.21 per share price. On Aug 30, 2016, Conrad M. Hall (director) purchased 5,000 shares at $85.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Dollar Tree Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic everyday items with seasonal closeout and promotional merchandise. As of July 06 2015 the Company operated more than 13600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree Dollar Tree Canada Deals and Family Dollar. Dollar Tree’s consumable merchandise includes candy and food health and beauty care and everyday consumables such as paper and chemicals and in select stores frozen and refrigerated food. The Company’s variety merchandise includes toys durable housewares gifts party goods greeting cards softlines and other items. Its seasonal goods include Valentine’s Day Easter Halloween and Christmas merchandise.