Empirical Capital Management LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Empirical Capital Management LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,200 shares of the company’s stock, valued at approximately $2,968,000. Dollar Tree makes up approximately 2.1% of Empirical Capital Management LLC’s portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. increased its holdings in shares of Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. Blue Trust Inc. increased its holdings in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 274 shares in the last quarter. Eastern Bank bought a new stake in Dollar Tree in the 3rd quarter worth about $34,000. UMB Bank n.a. increased its holdings in Dollar Tree by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $57,000 after buying an additional 183 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Down 1.7 %

DLTR stock opened at $72.56 on Friday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a market cap of $15.60 billion, a P/E ratio of -15.21, a PEG ratio of 2.87 and a beta of 0.92. The business’s 50-day moving average price is $67.58 and its 200-day moving average price is $87.46.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Analyst Ratings Changes

DLTR has been the subject of several research analyst reports. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Barclays reduced their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday. Sanford C. Bernstein assumed coverage on 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. Finally, Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.63.

Dollar Tree Company 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.