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

Empowered Funds LLC boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,453 shares of the company’s stock after purchasing an additional 435 shares during the period. Empowered Funds LLC’s holdings in Dollar Tree were worth $243,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DLTR. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the second quarter valued at approximately $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the period. Eastern Bank purchased a new stake in shares of Dollar Tree in the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the 2nd quarter worth $37,000. Finally, Blue Trust Inc. lifted its position in Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays reduced their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Evercore ISI reduced their target price 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. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. The Goldman Sachs Group dropped 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 report on Tuesday, September 10th. Finally, Telsey Advisory Group downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $95.00 to $75.00 in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $69.12 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The business has a 50 day simple moving average of $67.62 and a two-hundred day simple moving average of $89.33. The stock has a market capitalization of $14.86 billion, a PE ratio of -14.16, a P/E/G ratio of 2.63 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business 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 company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. On average, research analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

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.