Empower Advisory Group LLC Buys 100,676 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Empower Advisory Group LLC lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 760,423 shares of the company's stock after purchasing an additional 100,676 shares during the period. Empower Advisory Group LLC owned 0.35% of Dollar Tree worth $56,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Equity Investment Corp increased its stake in shares of Dollar Tree by 95.9% during 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 last quarter. Canoe Financial LP bought a new position in Dollar Tree during the third quarter worth about $46,576,000. State Street Corp grew its holdings in Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after purchasing an additional 596,191 shares during the period. Assenagon Asset Management S.A. increased its position in Dollar Tree by 238.7% during the third quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company's stock worth $48,799,000 after buying an additional 489,074 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in Dollar Tree by 45.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock valued at $95,994,000 after buying an additional 425,245 shares during the period. Institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

DLTR traded down $1.33 on Friday, hitting $74.96. 3,902,739 shares of the stock were exchanged, compared to its average volume of 2,880,201. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of -15.71, a PEG ratio of 2.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The business has a 50-day moving average of $73.14 and a two-hundred day moving average of $73.79.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLTR. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Citigroup upped their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Piper Sandler reaffirmed a "neutral" rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Finally, StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.