Is Dollar Tree, Inc. (DLTR) a Good Stock To Buy?

Due to the fact that Dollar Tree, Inc. (NASDAQ:DLTR) has witnessed bearish sentiment from the aggregate hedge fund industry, we can see that there is a sect of fund managers who sold off their entire stakes during the third quarter. It’s worth mentioning that Martin D. Sass’s MD Sass said goodbye to the biggest stake of the “upper crust” of funds watched by Insider Monkey, valued at close to $55.6 million in stock. Ricky Sandler’s fund, Eminence Capital, also cut its stock, about $54.4 million worth.

Let’s check out hedge fund activity in other stocks similar to Dollar Tree, Inc. (NASDAQ:DLTR). These stocks are St. Jude Medical, Inc. (NYSE:STJ), Discover Financial Services (NYSE:DFS), Corning Incorporated (NYSE:GLW), and Mylan Inc. (NASDAQ:MYL). All of these stocks’ market caps are similar to DLTR’s market cap.

As you can see these stocks had an average of 42 funds with bullish positions and the average amount invested in these stocks was $1.58 billion. That figure was $3.99 billion in DLTR’s case. St. Jude Medical, Inc. (NYSE:STJ) is the most popular stock in this table. On the other hand Corning Incorporated (NYSE:GLW) is the least popular one with only 36 bullish hedge fund positions. Compared to these stocks Dollar Tree, Inc. (NASDAQ:DLTR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.