USS Investment Management Ltd Invests $2.88 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

USS Investment Management Ltd purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,378 shares of the company's stock, valued at approximately $2,877,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after acquiring an additional 157 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Dollar Tree by 5.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after acquiring an additional 180 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in shares of Dollar Tree by 3.4% in the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DLTR shares. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. Sanford C. Bernstein set a $82.00 price objective on Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Truist Financial upped their price objective on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.37.

Dollar Tree Trading Up 2.5%

DLTR stock traded up $2.19 during trading on Tuesday, hitting $90.36. The company had a trading volume of 3,117,013 shares, compared to its average volume of 4,089,121. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $78.66 and a 200-day moving average price of $73.74. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of -18.94, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued 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%. The business's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.55 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now owns 1,377 shares in the company, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.