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 CET

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.
02/23 DOLLAR TREE : to Host Fourth Quarter Earnings Conference Call
02/22 DOLLAR TREE, INC. (NASDAQ : DLTR) Files An 8-K Regulation FD Disclosure
02/22 DOLLAR TREE INC : Regulation FD Disclosure, Financial Statements and Exhibits (f..
02/22 DOLLAR TREE : PLYMOUTH DISTRICT COURT ‘Foolish decisions’ Dollar Tre..
02/22 DOLLAR TREE, INC. : to Host Fourth Quarter Earnings Conference Call
02/21 DOLLAR TREE : Rejected rezoning draws developers' ire
02/21 PLYMOUTH DISTRICT COURT : Robbery suspect needed money to pay court costs
02/19 BIG LOTS : Cheyenne Transit Program to pull bus stop at property owner's request
02/19 DOLLAR TREE : Construction begins on Abingdon Dollar Tree
02/17 DOLLAR TREE : The Boulder Group Arranges Sale of Net Leased Family Dollar
More news
Sector news : Discount Stores without Groceries
02/21DJWal-Mart, Spending to Fend off Amazon, Posts Earnings Decline as Revenue Grow..
02/18 With stocks at highs, investors eye consumer results
02/16DJRetail CEOs Meet With Trump Over Border Tax Concerns -- Update
02/16DJWAL MART DE MEXICO B DE C : Mart de Mexico Profit Rises 23% in Fourth Quarter --..
02/15DJWAL MART DE MEXICO B DE C : Mart de Mexico Profit Rises 23% in Fourth Quarter
More sector news : Discount Stores without Groceries
News from SeekingAlpha
02/23 Investors Should Not Focus Too Much On Dividends
02/06 Bernstein sees Dollar General heading lower
02/01 DOLLAR TREE : A Good Bargain
01/31 GUGGENHEIM'S S&P 500 PURE GROWTH ETF : Achieving Pure Growth
01/27 Investors shy away from retail stocks amid question marks
Advertisement
Financials ($)
Sales 2017 20 704 M
EBIT 2017 1 678 M
Net income 2017 887 M
Debt 2017 5 798 M
Yield 2017 -
P/E ratio 2017 20,70
P/E ratio 2018 17,31
EV / Sales 2017 1,16x
EV / Sales 2018 1,05x
Capitalization 18 312 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 90,4 $
Spread / Average Target 17%
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.1.76%18 541
COSTCO WHOLESALE CORPO..10.24%77 530
TJX COMPANIES INC1.62%49 773
TARGET CORPORATION-8.71%37 038
WAL-MART DE MEXICO S A..9.45%35 627
DOLLAR GENERAL CORP.2.50%21 377
More Results