42,200 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Empirical Capital Management LLC

Empirical Capital Management LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 42,200 shares of the company's stock, valued at approximately $2,968,000. Dollar Tree comprises about 2.1% of Empirical Capital Management LLC's portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. Empower Advisory Group LLC lifted its position in shares of Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company's stock worth $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock worth $160,000 after purchasing an additional 1,797 shares in the last quarter. Equity Investment Corp boosted its stake in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after purchasing an additional 746,913 shares during the period. Forest Avenue Capital Management LP purchased a new position in Dollar Tree during the 3rd quarter valued at about $19,591,000. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Dollar Tree during the third quarter valued at about $2,813,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

Shares of DLTR traded down $0.69 during mid-day trading on Friday, reaching $71.87. The company's stock had a trading volume of 3,911,404 shares, compared to its average volume of 5,102,393. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company's fifty day moving average price is $67.58 and its two-hundred day moving average price is $87.46.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup raised their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research report on Thursday. Morgan Stanley cut their price target on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, September 5th. Guggenheim decreased their price target on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Friday. The Goldman Sachs Group dropped their price objective on Dollar Tree from $145.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Finally, Redburn Atlantic upgraded Dollar Tree to a "hold" rating in a research note on Monday, September 23rd. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and an average target price of $85.58.

About Dollar Tree

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.