Balyasny Asset Management L.P. Has $196.45 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Balyasny Asset Management L.P. grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2,489.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,621,456 shares of the company's stock after acquiring an additional 2,520,237 shares during the period. Balyasny Asset Management L.P. owned about 1.22% of Dollar Tree worth $196,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. Assetmark Inc. raised its position in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings 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 boosted its stake in Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after acquiring an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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, Metis Global Partners LLC increased 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 worth $508,000 after purchasing an additional 220 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In other news, 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 value of $92,478.60. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III purchased 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company's stock, 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 owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on DLTR. Evercore ISI lifted their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a 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 given a buy rating to the company. Based on data from MarketBeat, Dollar Tree has an average rating of "Hold" and a consensus target price of $82.68.

Dollar Tree Price Performance

DLTR stock traded up $0.65 during trading hours on Wednesday, hitting $84.44. 3,495,025 shares of the stock traded hands, compared to its average volume of 4,033,336. 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 has a 50-day simple moving average of $72.97 and a 200 day simple moving average of $71.55. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.17. The company has a market cap of $18.16 billion, a P/E ratio of -17.70, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.