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

Twinbeech Capital LP purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, HoldingsChannel reports. The firm purchased 42,841 shares of the company’s stock, valued at approximately $3,211,000.

Other institutional investors also recently made changes to their positions in the company. Empower Advisory Group LLC lifted its stake in shares of Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after acquiring an additional 100,676 shares during the period. Pzena Investment Management LLC acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $520,000. Strategic Wealth Investment Group LLC acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $448,000. Intrepid Capital Management Inc. lifted its stake in Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock valued at $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its stake in Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after purchasing an additional 67,100 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on DLTR shares. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Citigroup raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Telsey Advisory Group increased their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. Truist Financial increased their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Finally, Guggenheim restated a “buy” rating and set a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus price target of $82.68.

Dollar Tree Stock Up 4.6%

Dollar Tree stock opened at $90.62 on Wednesday. The firm has a market cap of $19.49 billion, a PE ratio of -19.00, 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 quick ratio of 0.17 and a current ratio of 1.03. The firm’s 50 day moving average price is $76.75 and its two-hundred day moving average price is $72.99. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $121.92.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data 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). The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 EPS. On average, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.60% 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.