Empowered Funds LLC Purchases 435 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Empowered Funds LLC boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,453 shares of the company’s stock after acquiring an additional 435 shares during the quarter. Empowered Funds LLC’s holdings in Dollar Tree were worth $243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Advisors Asset Management Inc. raised its holdings in shares of Dollar Tree by 43.4% in the first quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock worth $361,000 after buying an additional 821 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Dollar Tree by 51.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 633,223 shares of the company’s stock worth $84,314,000 after purchasing an additional 214,912 shares during the period. Mount Yale Investment Advisors LLC lifted its position in shares of Dollar Tree by 4.9% during the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after purchasing an additional 93 shares during the last quarter. Comerica Bank lifted its position in shares of Dollar Tree by 1.3% during the first quarter. Comerica Bank now owns 63,323 shares of the company’s stock worth $8,432,000 after purchasing an additional 802 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its stake in shares of Dollar Tree by 39,550.0% during the first quarter. Plato Investment Management Ltd now owns 1,586 shares of the company’s stock valued at $211,000 after purchasing an additional 1,582 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DLTR. Evercore ISI decreased their price objective on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, October 22nd. The Goldman Sachs Group decreased their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Guggenheim dropped their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Loop Capital downgraded 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. Finally, Truist Financial lowered their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.95.

Dollar Tree Price Performance

NASDAQ DLTR opened at $69.12 on Wednesday. The firm’s fifty day simple moving average is $67.62 and its two-hundred day simple moving average is $89.33. The firm has a market capitalization of $14.86 billion, a P/E ratio of -14.16, a P/E/G ratio of 2.63 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company 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%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

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.