Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Balyasny Asset Management L.P.

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

Other large investors have also made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of Dollar Tree by 193.1% during the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock worth $1,416,000 after buying an additional 13,263 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock worth $16,346,000 after purchasing an additional 1,485 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the fourth quarter worth $30,000. GAMMA Investing LLC raised its stake in shares of Dollar Tree by 145.0% in the fourth quarter. GAMMA Investing LLC now owns 5,691 shares of the company's stock valued at $426,000 after acquiring an additional 3,368 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Dollar Tree by 7.0% in the 4th quarter. Nordea Investment Management AB now owns 19,507 shares of the company's stock valued at $1,463,000 after purchasing an additional 1,277 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $0.61 during midday trading on Friday, hitting $85.99. The stock had a trading volume of 1,376,279 shares, compared to its average volume of 4,024,592. The company has a market capitalization of $18.49 billion, a PE ratio of -18.03, a P/E/G ratio of 2.16 and a beta of 0.87. The stock has a 50 day moving average price of $73.54 and a two-hundred day moving average price of $71.76. 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.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $2.55 EPS. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

DLTR has been the topic of a number of recent analyst reports. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Guggenheim reiterated a "buy" rating and issued a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a report on Monday. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Finally, Telsey Advisory Group lifted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target of $82.68.

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.