UniSuper Management Pty Ltd Grows Position in Dollar Tree, Inc. $DLTR

Key Points

• UniSuper Management Pty Ltd increased its stake in Dollar Tree, Inc. by 8.9%, now holding a position worth $2.47 million with 32,922 shares after acquiring an additional 2,694 shares.
• Institutional investors currently own 97.40% of Dollar Tree's stock, with significant increases in holdings from firms like Price T Rowe Associates and Alyeska Investment Group.
• Dollar Tree's recent earnings report showed $0.77 EPS, exceeding expectations, with revenue of $4.57 billion for the quarter, indicating strong financial performance and growth prospects.

UniSuper Management Pty Ltd raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,922 shares of the company's stock after acquiring an additional 2,694 shares during the period. UniSuper Management Pty Ltd's holdings in Dollar Tree were worth $2,471,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group raised its stake in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the 1st quarter valued at about $30,000. CX Institutional purchased a new position in Dollar Tree during the 1st quarter valued at about $43,000. Sentry Investment Management LLC purchased a new position in Dollar Tree during the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 121.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after buying an additional 534 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DLTR shares. Piper Sandler dropped their target price on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating for the company in a research report on Thursday, September 4th. Cfra Research upgraded Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $130.00 price objective on shares of Dollar Tree in a research report on Thursday, September 4th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and a consensus price target of $109.28.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $1.94 during midday trading on Friday, reaching $97.45. 3,666,212 shares of the company's stock traded hands, compared to its average volume of 4,701,667. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The stock has a 50 day moving average of $110.10 and a 200 day moving average of $91.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The company has a market cap of $19.88 billion, a price-to-earnings ratio of -7.18, a P/E/G ratio of 1.81 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.Dollar Tree's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has initiated a stock repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.60% of the company's stock.

About Dollar Tree

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.