101,284 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Benchstone Capital Management LP

Benchstone Capital Management LP bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 101,284 shares of the company’s stock, valued at approximately $7,590,000.

A number of other institutional investors have also made changes to their positions in DLTR. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after acquiring an additional 157 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after purchasing an additional 180 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after purchasing an additional 220 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought 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 position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DLTR shares. Guggenheim decreased their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Evercore ISI upped their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. Telsey Advisory Group raised their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, March 27th. Finally, Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $81.84.

Dollar Tree Stock Performance

DLTR opened at $84.29 on Friday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The stock has a market cap of $18.13 billion, a P/E ratio of -17.67, a P/E/G ratio of 2.16 and a beta of 0.87. The stock’s 50 day simple moving average is $72.56 and its 200 day simple moving average is $71.33. 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 (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.55 EPS. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal 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.