Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 41.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 659,747 shares of the company’s stock after acquiring an additional 192,754 shares during the quarter. Empower Advisory Group LLC’s holdings in Dollar Tree were worth $46,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Dollar Tree by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,400 shares of the company’s stock valued at $33,782,000 after acquiring an additional 2,405 shares in the last quarter. Versor Investments LP acquired a new position in shares of Dollar Tree during the 3rd quarter valued at $457,000. Venturi Wealth Management LLC lifted its holdings in Dollar Tree by 82.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,721 shares of the company’s stock worth $332,000 after buying an additional 2,127 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in Dollar Tree by 46.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 28,169 shares of the company’s stock worth $1,981,000 after buying an additional 8,935 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in Dollar Tree by 169.2% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 6,875 shares of the company’s stock worth $483,000 after buying an additional 4,321 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $65.15 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a 50-day simple moving average of $68.02 and a 200 day simple moving average of $93.12. The company has a market cap of $14.01 billion, a PE ratio of -13.35, a P/E/G ratio of 2.63 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the company earned $0.91 EPS. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.34 EPS for the current year.

Analysts Set New Price Targets

DLTR has been the topic of a number of recent analyst reports. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, September 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley cut their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.11.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Dollar Tree Profile

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.