Dollar Tree (DLTR) to Release Earnings on Wednesday

Dollar Tree (NASDAQ:DLTR - Get Free Report) is projected to post 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. Parties that are interested in participating in the company's conference call can do so using this link.

Dollar Tree Stock Down 5.7 %

NASDAQ DLTR traded down $3.77 during mid-day trading on Wednesday, reaching $61.92. 4,515,563 shares of the company's stock traded hands, compared to its average volume of 3,453,652. The company has a fifty day simple moving average of $72.37 and a 200-day simple moving average of $71.23. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $137.14. The company has a market cap of $13.31 billion, a price-to-earnings ratio of -12.98, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of research analyst reports. Piper Sandler reiterated a "neutral" rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Citigroup lifted their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, December 6th. Loop Capital lifted their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Finally, StockNews.com raised Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $84.79.

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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.