Dollar Tree (DLTR) Projected to Post Quarterly Earnings on Wednesday

Dollar Tree (NASDAQ:DLTR - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $2.18 per share and revenue of $8.23 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 traded down $2.46 during trading hours on Tuesday, hitting $67.28. 2,361,788 shares of the company were exchanged, compared to its average volume of 3,099,847. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of -14.10, a P/E/G ratio of 2.16 and a beta of 0.91. The firm has a fifty day simple moving average of $71.12 and a 200 day simple moving average of $70.13. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $137.14.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DLTR. Jefferies Financial Group boosted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Guggenheim dropped their price target 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. Citigroup raised their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Truist Financial lowered their target price on shares of Dollar Tree from $83.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, UBS Group cut their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $83.89.

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About Dollar Tree

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.