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Should You Invest in Dollar Tree (DLTR) Based on Bullish Wall Street Views?
ZACKS· 2024-06-11 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Dollar Tree (DLTR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Dollar Tree currently has an average b ...
The 3 Most Undervalued S&P 500 Stocks to Buy in June 2024
Investor Place· 2024-06-10 10:15
Undervalued stocks are those trading below their intrinsic value. That is when you should buy them. It's how you implement the buy low, sell high investment strategy. Perhaps, but the trick is choosing good companies that are temporarily out of favor. As Warren Buffett said, "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." Dollar Tree (DLTR) Shares are down 20% in 2024 and slumped 26% from their 52-week high. It is caught between a rock and a hard plac ...
Top 4 Stocks With Notable Insider Buying
MarketBeat· 2024-06-07 13:34
-0.37 (-0.33%) $154.96 Add to Watchlist Over the last twelve months, three insiders have purchased nearly $99.83 million worth of stock, with only $347,868.01 in sales during the same period. This brings total insider ownership to 6.8%. Analysts remain bullish on the stock, with a moderate buy rating and a consensus price target indicating close to 30% upside. Talos Energy's Buy Rating: What Investors Should Know Talos Energy While insider buying is a positive signal, considering it alongside other factors, ...
Dollar Tree CEO: Stores See 2.1% Hike in Foot Traffic But Lower Average Purchase
PYMNTS.com· 2024-06-05 21:38
"This year, an early Easter, combined with the extra week in our fourth quarter last year, left us with a much shorter selling season," Dreiling said. "Also, unusually cold and wet weather throughout much of the country negatively impacted the way many families celebrate this traditionally spring-oriented outdoor-centric holiday." Dollar Tree operates 16,397 stores across 48 states and five Canadian provinces under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada. Many higher-income consumers ...
Dollar Tree (DLTR) Posts Q1 Earnings, Starts Family Dollar Review
ZACKS· 2024-06-05 17:01
Dollar Tree, Inc. (DLTR) has reported mixed first-quarter fiscal 2024 results, with earnings in line with the Zacks Consensus Estimate and sales lagging the same marginally. The top line rose year over year, while the bottom line declined. The company's results have benefited from gains across both segments, higher traffic and robust market share growth. However, product cost inflation, an unfavorable sales mix and elevated shrink continued to hurt. Alongside the results, the company has noted that it has b ...
Dollar Tree exploring sale of Family Dollar stores: ‘Chain needs a lot of work'
New York Post· 2024-06-05 15:45
Earlier this year, it had outlined plans to shutter 970 Family Dollar stores. The company operates 8,359 Family Dollar stores, as of Feb. 3. Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending. The retailer, like its peer Dollar General, has been grappling with weak discretionary demand as shoppers focus more on less-profitable consum ...
Dollar Tree(DLTR) - 2025 Q1 - Quarterly Report
2024-06-05 15:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-25464 DOLLAR TREE, INC. (Exact name of registrant as specified in its charter) Virginia 26-2018846 (State or other ...
Dollar Tree(DLTR) - 2024 Q1 - Earnings Call Transcript
2024-06-05 15:12
Dollar Tree, Inc. (NASDAQ:DLTR) Q1 2024 Earnings Conference Call June 5, 2024 8:00 AM ET Company Participants Bob LaFleur - Senior Vice President, Investor Relations Rick Dreiling - Chief Executive Officer Jeff Davis - Chief Financial Officer Conference Call Participants Edward Kelly - Wells Fargo Michael Lasser - UBS Matthew Boss - JPMorgan Anders Myhre - Guggenheim Securities Simeon Gutman - Morgan Stanley Rupesh Parikh - Oppenheimer Paul Lejuez - Citigroup Chuck Grom - Gordon Haskett Seth Sigman - Barcla ...
Dollar Tree (DLTR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-06-05 14:31
For the quarter ended April 2024, Dollar Tree (DLTR) reported revenue of $7.63 billion, up 4.1% over the same period last year. EPS came in at $1.43, compared to $1.47 in the year-ago quarter. The reported revenue represents a surprise of -0.10% over the Zacks Consensus Estimate of $7.63 billion. With the consensus EPS estimate being $1.43, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...
Dollar Tree Posts Earnings Miss, May Sell or Spin Off Family Dollar
Investopedia· 2024-06-05 13:00
Key Takeaways Discount retailer Dollar Tree (DLTR) announced Wednesday it will explore selling or spinning off its Family Dollar brand, and released first-quarter earnings that missed expectations. The earnings report is the first since Dollar Tree announced plans in March to close roughly 1,000 stores, mostly Family Dollar locations, indicating that its efforts to turn around the unit was not working as well as it had hoped. Q1 Results, Q2 Guidance Miss Estimates Net sales rose 4.2% from the first quarter ...