Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Dollar Tree, Inc.    DLTR

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Dollar Tree, Inc. : Announces $300 Million Accelerated Share Repurchase

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/22/2011 | 01:45pm CEST

Dollar Tree, Inc. (NASDAQ: DLTR), the nation's leading operator of discount variety stores selling everything for $1 or less, today announced that after market close on November 21, 2011, it entered into an agreement with Wells Fargo Bank, National Association, to repurchase $300 million of its common shares under a variable maturity accelerated share repurchase program. Dollar Tree will acquire these common shares under the $1.5 billion share repurchase program announced on October 7, 2011.

The specific number of shares to be repurchased will generally be based on the volume-weighted average share price of the Company's common shares during the calculation period of the accelerated share repurchase program, subject to collar provisions that establish the minimum and maximum number of shares to be repurchased under the program. All common shares repurchased under the accelerated share repurchase program will be retired.

"Our share repurchase program continues to represent an important part of our capital allocation strategy and an efficient and flexible way of returning value to shareholders," said President and CEO Bob Sasser. "As evidenced by the recently-announced results for the third quarter of 2011, Dollar Tree's sales, operating margin and earnings continue to grow. We are confident in the Company's ability to generate substantial free cash flow for the foreseeable future."

Dollar Tree operated 4,335 stores in 48 states and 5 Canadian Provinces as of October 29, 2011.

A WARNING ABOUT FORWARD LOOKING STATEMENTS: This press release contains "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward looking statements address future events, developments or results and typically use words such as believe, will, anticipate, expect, intend, plan, forecast, or estimate. For example, our forward looking statements include statements regarding our intentions to repurchase stock, the method and timing as well as the number of shares repurchased, related expenditures, the benefits of such transactions, and our ability to generate free cash flow. A further list and description of these risks, uncertainties and other matters can be found in the Company's annual report and other reports filed from time to time with the Securities and Exchange Commission. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed March 17, 2011 and our Quarterly Report on Form 10-Q filed November 17, 2011. In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply. Dollar Tree cautions that the foregoing list of important factors may not be complete, and we are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

Dollar Tree, Inc.
Timothy J. Reid, 757-321-5384
www.DollarTree.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DOLLAR TREE, INC.
07:46a DOLLAR TREE : to build distribution facility in Warrensburg
04/25 INSIDER TRADING ACTIVITY DOLLAR TREE : DLTR) – CEO Sold 3,349 shares of St..
04/24 DOLLAR GENERAL : building new store near Peachtree Mall
04/24 DOLLAR TREE : UCM commits to Dollar Tree
04/21 DOLLAR TREE : Police release surveillance photos of Dollar General armed robbery
04/21 DOLLAR GENERAL : Express closing stores store chain laying off 24 local workers
04/21 DOLLAR TREE : Belleville police investigating Dollar General robbery
04/21 INSIDER TRADING ACTIVITY DOLLAR TREE : DLTR) – CEO Sold 40,029 shares of S..
04/20 DOLLAR GENERAL : Two Family Dollar stores will close
04/15 DOLLAR GENERAL : Express closing 17 Florida stores, laying off 125
More news
Sector news : Discount Stores without Groceries
04/24DJBEBE STORES : Today's Top Supply Chain and Logistics News From WSJ
04/21 Visa's profit boosted by Europe unit, big card portfolio wins
04/20DJCOSTCO WHOLESALE : AmEx Feels Loss of Relationship With Costco -- WSJ
04/20 AmEx profit beats as higher spending blunts partnership losses
04/20 AmEx profit beats as higher spending blunts partnership losses
More sector news : Discount Stores without Groceries
News from SeekingAlpha
04/21 INSIDERINSIGHTS.COM DAILY ROUND UP 4 : Btu, imh, pacw, opk, dkl
04/04 Dollar Tree shakes off a bear call
03/15 Dollar General Earnings Preview
03/12 PRO WEEKLY DIGEST : Investing With A Margin Of Safety With Brian Langis
03/02 Relief rally for retail stocks
Advertisement
Financials ($)
Sales 2018 22 096 M
EBIT 2018 1 981 M
Net income 2018 1 059 M
Debt 2018 4 539 M
Yield 2018 -
P/E ratio 2018 18,13
P/E ratio 2019 15,87
EV / Sales 2018 1,07x
EV / Sales 2019 0,99x
Capitalization 19 067 M
More Financials
Chart DOLLAR TREE, INC.
Duration : Period :
Dollar Tree, Inc. Technical Analysis Chart | DLTR | US2567461080 | 4-Traders
Full-screen chart
Technical analysis trends DOLLAR TREE, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 89,4 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert L. Sasser Chief Executive Officer & Director
Gary M. Philbin President
Macon F. Brock Non-Executive Chairman
Michael A. Witynski Chief Operating Officer
Kevin S. Wampler Chief Financial Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR TREE, INC.4.55%18 854
COSTCO WHOLESALE CORPO..7.63%75 643
TJX COMPANIES INC4.86%50 756
WAL-MART DE MEXICO S A..15.65%40 095
TARGET CORPORATION-24.10%30 298
DOLLAR GENERAL CORP.-3.40%19 633
More Results