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) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 760,423 shares of the company’s stock after purchasing an additional 100,676 shares during the quarter. Empower Advisory Group LLC owned 0.35% of Dollar Tree worth $56,986,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DLTR. Alan B Lancz & Associates Inc. grew its stake in Dollar Tree by 6.6% during the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after buying an additional 200 shares in the last quarter. AM Squared Ltd boosted its position in shares of Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after acquiring an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. First Horizon Advisors Inc. raised its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Dollar Tree by 8.4% during the fourth quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock worth $281,000 after purchasing an additional 291 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 0.6 %

Shares of NASDAQ DLTR opened at $71.56 on Tuesday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company’s 50 day moving average price is $72.82 and its 200-day moving average price is $74.29. The company has a market capitalization of $15.38 billion, a P/E ratio of -15.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial boosted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI lowered their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Guggenheim reduced their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price on the stock. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $85.58.

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.