Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Trimmed by Bayberry Capital Partners LP

Bayberry Capital Partners LP decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 26.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,000 shares of the company’s stock after selling 51,000 shares during the period. Dollar Tree makes up approximately 4.1% of Bayberry Capital Partners LP’s holdings, making the stock its 13th biggest position. Bayberry Capital Partners LP owned 0.07% of Dollar Tree worth $10,641,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DLTR. Benchstone Capital Management LP bought a new position in Dollar Tree in the 4th quarter worth approximately $7,590,000. Alyeska Investment Group L.P. lifted its holdings in Dollar Tree by 205.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 201,040 shares of the company’s stock worth $15,066,000 after purchasing an additional 135,182 shares during the period. Ancora Advisors LLC grew its position in Dollar Tree by 457,400.0% in the 4th quarter. Ancora Advisors LLC now owns 9,150 shares of the company’s stock valued at $686,000 after buying an additional 9,148 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Dollar Tree during the 4th quarter valued at about $749,000. Finally, DoubleLine ETF Adviser LP raised its position in shares of Dollar Tree by 4.4% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,780 shares of the company’s stock worth $883,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DLTR shares. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $103.00 in a report on Monday, April 7th. Telsey Advisory Group lifted their price target on 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 reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. UBS Group lowered their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Bank of America dropped their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $81.84.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. The trade was a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction 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 position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $84.29 on Friday. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of -17.67, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $72.56 and its 200-day simple moving average is $71.33.

Dollar Tree (NASDAQ:DLTR) 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). The business had revenue of $5 billion for 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 revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $2.55 EPS. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share 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.