China Universal Asset Management Co. Ltd. Purchases 1,414 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

China Universal Asset Management Co. Ltd. lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 107.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,726 shares of the company’s stock after purchasing an additional 1,414 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of Dollar Tree in the second quarter worth approximately $779,000. Raymond James & Associates lifted its stake in shares of Dollar Tree by 80.6% in the third quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock worth $21,805,000 after acquiring an additional 138,415 shares during the period. Forsta AP Fonden lifted its stake in shares of Dollar Tree by 174.7% in the third quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after acquiring an additional 62,700 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after acquiring an additional 640,848 shares during the period. Finally, Smithbridge Asset Management Inc. DE lifted its stake in shares of Dollar Tree by 74.6% in the third quarter. Smithbridge Asset Management Inc. DE now owns 24,634 shares of the company’s stock worth $1,732,000 after acquiring an additional 10,522 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DLTR shares. UBS Group cut their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler lowered their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Morgan Stanley decreased their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average target price of $88.53.

Dollar Tree Price Performance

NASDAQ DLTR opened at $63.31 on Thursday. The company has a market cap of $13.61 billion, a PE ratio of -12.97, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. Dollar Tree, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $72.84 and its two-hundred day simple moving average is $97.03.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for 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%. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

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.