Insiders are Amassing These 5 Stocks in April

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1. Dollar Tree Inc (NASDAQ:DLTR)

Number of Hedge Fund Investors: 39

Dollar Tree Inc (NASDAQ:DLTR) ranks first in our list of the stocks insiders are piling into in April 2024. Jeffrey A. Davis, the CFO of Dollar Tree Inc (NASDAQ:DLTR), on April 1 loaded up on 1800 shares of Dollar Tree Inc (NASDAQ:DLTR) at $136.00. Since then the stock price has declined 3.8%.

Out of the 933 funds tracked by Insider Monkey, 39 hedge funds reported owning stakes in Dollar Tree Inc (NASDAQ:DLTR). The most notable stake in Dollar Tree Inc (NASDAQ:DLTR) is owned by Paul Hilal’s Mantle Ridge LP which owns a $1.72 billion stake in Dollar Tree Inc (NASDAQ:DLTR).

The London Company Mid Cap Strategy stated the following regarding Dollar Tree, Inc. (NASDAQ:DLTR) in its fourth quarter 2023 investor letter:

“Dollar Tree, Inc. (NASDAQ:DLTR) – DLTR shares outperformed in 4Q as the business demonstrated share gains, progress on the rollout of multi-price assortment, and bold capital allocation with a large stock buyback during the third quarter. We believe the investments the company has made over the last year will continue to support higher returns going forward. Further, we view valuation as attractive on a sum-of-the-parts basis and have conviction in the management team, which now consists of the best operators in the retail industry.”

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