UniSuper Management Pty Ltd Purchases 5,042 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

UniSuper Management Pty Ltd raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,228 shares of the company’s stock after buying an additional 5,042 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Dollar Tree were worth $2,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pzena Investment Management LLC bought a new position in shares of Dollar Tree in the 4th quarter worth about $520,000. Empower Advisory Group LLC boosted its holdings in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $448,000. Entropy Technologies LP purchased a new stake in Dollar Tree in the fourth quarter worth approximately $2,173,000. Finally, Alberta Investment Management Corp raised its stake in Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after buying an additional 67,100 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 5.5 %

Shares of DLTR opened at $72.75 on Monday. The stock has a market capitalization of $15.65 billion, a PE ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The company’s fifty day moving average is $71.17 and its 200 day moving average is $70.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.55 EPS. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research reports. Truist Financial dropped their price target on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Evercore ISI upped their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Finally, Loop Capital restated a “hold” rating on shares of Dollar Tree in a research report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.42.

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.