UniSuper Management Pty Ltd Increases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

UniSuper Management Pty Ltd increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.0% during the fourth quarter, according to its most recent 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.

Other institutional investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its stake in Dollar Tree by 5.6% in the 3rd quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after acquiring an additional 931 shares during the period. ARGA Investment Management LP raised its position in shares of Dollar Tree by 113.6% in the third quarter. ARGA Investment Management LP now owns 25,064 shares of the company’s stock valued at $1,762,000 after purchasing an additional 13,332 shares during the period. Arizona PSPRS Trust bought a new stake in shares of Dollar Tree in the third quarter valued at approximately $1,210,000. Clearline Capital LP purchased a new stake in shares of Dollar Tree during the 3rd quarter valued at approximately $1,048,000. Finally, Cinctive Capital Management LP bought a new position in Dollar Tree in the 3rd quarter worth approximately $7,371,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 5.5 %

Shares of NASDAQ DLTR opened at $72.75 on Monday. The stock has a market capitalization of $15.65 billion, a P/E ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The firm’s 50 day simple moving average is $71.17 and its two-hundred day simple moving average is $70.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate 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%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $2.55 EPS. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. UBS Group reduced their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Piper Sandler restated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.42.

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.