Lazard Asset Management LLC Acquires 14,073 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Lazard Asset Management LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 1,634.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,934 shares of the company’s stock after purchasing an additional 14,073 shares during the period. Lazard Asset Management LLC’s holdings in Dollar Tree were worth $1,118,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DLTR. Kovitz Investment Group Partners LLC boosted its holdings in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after purchasing an additional 5,173,238 shares during the period. Marshall Wace LLP boosted its holdings in Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock valued at $328,040,000 after purchasing an additional 3,882,324 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Dollar Tree by 2,489.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock worth $196,452,000 after acquiring an additional 2,520,237 shares during the period. Norges Bank bought a new stake in shares of Dollar Tree during the 4th quarter worth approximately $171,149,000. Finally, Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DLTR. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, March 27th. Finally, Truist Financial upped their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $82.68.

Insider Transactions at Dollar Tree

In related news, Director William W. Douglas III bought 701 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by corporate insiders.

Dollar Tree Trading Up 0.1%

Shares of NASDAQ DLTR opened at $86.61 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $121.92. The firm has a 50 day moving average price of $76.26 and a two-hundred day moving average price of $72.87. The stock has a market cap of $18.63 billion, a P/E ratio of -18.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company posted $2.55 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS 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.