Monimus Capital Management LP Buys New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Monimus Capital Management LP bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,553 shares of the company’s stock, valued at approximately $1,615,000. Dollar Tree accounts for about 1.5% of Monimus Capital Management LP’s portfolio, making the stock its 27th largest position.

Several other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the 4th quarter worth about $30,000. Parkside Financial Bank & Trust boosted its stake in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DLTR shares. Guggenheim lowered their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Citigroup upped their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Thursday, March 6th. Finally, Truist Financial upped their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.79.

Dollar Tree Stock Down 2.2 %

Shares of NASDAQ DLTR opened at $64.56 on Friday. The company has a 50 day simple moving average of $71.99 and a 200-day simple moving average of $70.97. The company has a market capitalization of $13.88 billion, a P/E ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91. 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 1 year low of $60.49 and a 1 year high of $137.14.

Dollar Tree Company 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.