Published: Fri, March 09, 2018
Markets | By Rosalie Gross

Dollar Tree falls on earnings miss

Dollar Tree falls on earnings miss

In other news, Director Thomas A. Saunders sold 12,440 shares of the company's stock in a transaction on Friday, December 8th.

The Chesapeake, Virginia company's profit tripled to $1.04 billion, or $4.37 per share, on a gain from sweeping tax reforms a year ago. Tower Ltd Liability Corporation (Trc) holds 881 shares or 0% of its portfolio. The stock decreased 0.93% or $0.01 during the last trading session, reaching $1.07. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since March 7, 2017 and is uptrending. It has outperformed by 94.41% the S&P500.

Return on equity reveals how much profit a company earned in comparison to the total amount of shareholder equity found on the balance sheet. Trexquant Investment Lp sold 14,850 shares as the company's stock declined 0.40% while stock markets rallied.

While below Wall Street estimates, Dollar Tree produced positive fourth quarter and fiscal year results, with sales increasing and earnings benefiting from the government tax reform. BMO Capital Markets' target price would suggest a potential upside of 5.52% from the stock's current price. The stock increased 0.40% or $0.21 during the last trading session, reaching $52.71. About 425,329 shares traded.

Dollar Tree's less-optimistic outlook overshadowed another quarter of comparable-store sales increases at both the Dollar Tree and Family Dollar banners. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that DLTR is a Strong sell, which implies that DLTR is expected to underperform the market based on prior trading patterns. About 1.49M shares traded or 23.01% up from the average.

Tyvor Capital Llc increased Dollar General Corp (NYSE:DG) stake by 129,889 shares to 678,052 valued at $54.96M in 2017Q3. The firm has "Hold" rating given on Thursday, February 1 by Stifel Nicolaus. Therefore 66% are positive. Whereas 8 of them predict the stock is a hold. The rating was maintained by Jefferies on Friday, August 25 with "Hold".

More news: NFL Combine: 13 of the most impactful combine performances

Active traders are often looking for the next great move to secure profits in the stock market. The firm has "Buy" rating given on Friday, May 27 by Suntrust Robinson.

IBD'S TAKE: Buying or holding a stock can be risky heading into an earnings report. FTB Advisors Inc. now owns 1,390 shares of the company's stock worth $149,000 after purchasing an additional 992 shares during the period. It also increased its holding in Kroger Co (NYSE:KR) by 36,444 shares in the quarter, for a total of 85,544 shares, and has risen its stake in Dst Sys Inc Del (NYSE:DST).

Since September 12, 2017, it had 0 insider buys, and 6 sales for $9.14 million activity. Brown James S had sold 12,977 shares worth $713,475.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) has "Hold" rating given on Thursday, September 3 by TheStreet. The insider PHILBIN GARY M sold 2,795 shares worth $236,180. Adjusted earnings per share for the year was $4.86. The Beta factor for the stock is listed at 1.76. Its down 0.21, from 1.24 in 2017Q2.

Other large investors also recently bought and sold shares of the company. 73 funds opened positions while 170 raised stakes. Tarbox Family Office owns 0% invested in Dollar Tree, Inc. Xact Kapitalforvaltning AB boosted its position in shares of Dollar Tree by 8.0% during the fourth quarter. Moreover, Lord Abbett And Com Lc has 0.1% invested in Dollar Tree, Inc. The Regentatlantic Capital Llc holds 83,420 shares with $7.24 million value, down from 96,165 last quarter. (NASDAQ:DLTR) for 2.13 million shares.

Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. Loop Capital lifted their price target on shares of Dollar Tree from $94.00 to $100.00 and gave the stock a "hold" rating in a report on Monday, February 12th. (NASDAQ:DLTR) for 354,283 shares. Voya Inv Mngmt Ltd Liability Corp accumulated 3.40 million shares. Livingston Gp Asset Comm (Operating As Southport Cap Management) accumulated 0.16% or 4,266 shares. Nomura Holdings invested in 13,892 shares. The price index is calculated by dividing the current share price by the share price ten months ago. Verition Fund Mngmt Lc accumulated 0.07% or 10,633 shares.

Like this: