Dollar Tree (DLTR) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.89 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.81. The company posted revenue of $5085.80 million in the period, compared to analysts expectations of $5090.73 million. The company’s revenue was up 133.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Many Wall Street Analysts have commented on Dollar Tree. Topeka Capital Markets Initiated Dollar Tree on May 24, 2016 to “Buy”, Price Target of the shares are set at $105.Raymond James Downgraded Dollar Tree on Mar 2, 2016 to ” Mkt Perform”, Price Target of the shares are set at $95.Company shares were Reiterated by MKM Partners on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .
Dollar Tree opened for trading at $77.7 and hit $78.98 on the upside on Wednesday, eventually ending the session at $78.36, with a gain of 1.07% or 0.83 points. The heightened volatility saw the trading volume jump to 33,53,041 shares. Company has a market cap of $18,429 M.
In a different news, on Apr 26, 2016, Robert H Rudman (Chief Merchandising Officer) sold 2,232 shares at $80.71 per share price. According to the SEC, on Mar 17, 2016, Lemuel E Lewis (director) purchased 3,500 shares at $80.77 per share price. On Mar 16, 2016, Gary M Philbin (President of Family Dollar) sold 12,502 shares at $81.81 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.