On May 26, 2023, it was reported that Dollar Tree, a company that operates discount stores with fixed prices, had released its Q1 financial results. Despite missing Wall Street’s earnings per share estimates, the company beat on revenue. Unfortunately, the earnings report caused the company’s shares to plummet by 14% on May 25, 2023. However, the stock rebounded the next day with shares trading higher. Currently, Dollar Tree’s market capitalization is $30.39B with 221.23M shares outstanding. Analysts have given the company a consensus rating of buy, with a median target of $152.52. Following the Q1 results, Barclays reduced the price target on Dollar Tree from $145 to $138, while Citigroup maintained a Buy rating.
Dollar Tree Inc. (DLTR) Stock Analysis: Market Cap, Earnings, and Revenue Growth
On May 26, 2023, Dollar Tree Inc. (DLTR) opened at $135.99, slightly lower than the previous day’s close at $136.64. DLTR has a market capitalization of $35.4 billion and operates in the retail trade sector, specifically in the discount stores industry. The company reported an earnings growth of 24.21% last year, but this year’s earnings growth has decreased by 7.85%. DLTR’s revenue growth was 7.64% last year. DLTR has a P/E ratio of 19.6, indicating that investors are willing to pay $19.6 for every dollar of earnings. The price/sales ratio is 1.19, and the price/book ratio is 4.05. In comparison to other companies in the discount stores industry, DLTR’s stock performance was mixed. DLTR is expected to report an EPS of $0.95 this quarter, and its annual revenue for the last year was $28.3 billion. The company generated a net profit of $1.6 billion, resulting in a net profit margin of 5.70%. DLTR’s corporate headquarters are located in Chesapeake, Virginia.
Dollar Tree Inc. (DLTR) Stock Price Forecast for 2023: Analysts Predict a +10.29% Increase
On May 26, 2023, Dollar Tree Inc. (DLTR) stock had a median target price of $156.00, with a high estimate of $195.00 and a low estimate of $109.00, according to 23 analysts offering 12-month price forecasts. The median estimate represents a +10.29% increase from the last price of $141.45.
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