Empower Advisory Group LLC Boosts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 41.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 659,747 shares of the company's stock after acquiring an additional 192,754 shares during the period. Empower Advisory Group LLC owned 0.31% of Dollar Tree worth $46,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DLTR. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Dollar Tree by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,400 shares of the company's stock worth $33,782,000 after buying an additional 2,405 shares during the last quarter. Versor Investments LP purchased a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $457,000. Venturi Wealth Management LLC increased its holdings in shares of Dollar Tree by 82.0% in the third quarter. Venturi Wealth Management LLC now owns 4,721 shares of the company's stock valued at $332,000 after purchasing an additional 2,127 shares during the period. Chartwell Investment Partners LLC raised its stake in shares of Dollar Tree by 46.5% during the third quarter. Chartwell Investment Partners LLC now owns 28,169 shares of the company's stock worth $1,981,000 after purchasing an additional 8,935 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in shares of Dollar Tree by 169.2% during the third quarter. Legacy Capital Wealth Partners LLC now owns 6,875 shares of the company's stock worth $483,000 after purchasing an additional 4,321 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company's stock, valued at $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.80% of the company's stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $0.52 on Thursday, hitting $65.67. The company had a trading volume of 3,831,524 shares, compared to its average volume of 3,318,212. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a market cap of $14.12 billion, a PE ratio of -13.35, a PEG ratio of 2.63 and a beta of 0.87. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The business has a 50 day moving average of $68.05 and a 200 day moving average of $92.93.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DLTR shares. Loop Capital downgraded shares of Dollar Tree from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a research report on Thursday, September 5th. UBS Group dropped their target price on Dollar Tree from $155.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. Piper Sandler cut their target price on Dollar Tree from $112.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Finally, Morgan Stanley cut their price objective on Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $88.11.

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.