Benchstone Capital Management LP Buys Shares of 101,284 Dollar Tree, Inc. (NASDAQ:DLTR)

Benchstone Capital Management LP purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 101,284 shares of the company's stock, valued at approximately $7,590,000.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Dollar Tree by 74.1% during the 4th 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. Bessemer Group Inc. lifted its position in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the period. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its stake in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group reduced their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Telsey Advisory Group increased their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $103.00 in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $81.84.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $84.29 on Friday. The stock has a market capitalization of $18.13 billion, a PE ratio of -17.67, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a fifty day moving average of $72.56 and a two-hundred day moving average of $71.33. 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, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter last year, the business earned $2.55 EPS. The business's revenue was up .7% compared to the same quarter last year. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

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.

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