Twinbeech Capital LP Makes New $3.21 Million Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Twinbeech Capital LP bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,841 shares of the company's stock, valued at approximately $3,211,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. lifted its holdings in 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 last quarter. Parkside Financial Bank & Trust lifted its holdings in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Hurley Capital LLC acquired a new stake in Dollar Tree in the 4th quarter worth approximately $33,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In related news, Director William W. Douglas III purchased 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DLTR shares. Bank of America reduced their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim reiterated a "buy" rating and set a $100.00 price target (up from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. Finally, Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and upped their price target for the stock from $76.00 to $103.00 in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $82.68.

Dollar Tree Stock Performance

Shares of DLTR traded down $1.80 on Friday, reaching $88.17. 2,462,439 shares of the stock traded hands, compared to its average volume of 4,083,168. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of -18.48, a P/E/G ratio of 2.16 and a beta of 0.87. 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, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. The stock's 50-day moving average price is $78.18 and its 200-day moving average price is $73.41.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The firm 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 for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.55 earnings per share. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.