Commerce Bank Lowers Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Commerce Bank reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,537 shares of the company's stock after selling 8,747 shares during the period. Commerce Bank's holdings in Dollar Tree were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. increased 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 during the last quarter. Bessemer Group Inc. raised its stake in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Dollar Tree during the 4th quarter worth about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this link. 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 value 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 position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Dollar Tree Price Performance

DLTR stock traded up $0.32 during midday trading on Monday, hitting $80.89. 828,040 shares of the stock were exchanged, compared to its average volume of 3,993,265. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of -16.94, a PEG ratio of 2.16 and a beta of 0.87. The stock's 50-day moving average price is $71.96 and its 200-day moving average price is $70.87. 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 (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). 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 for the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter last year, the business posted $2.55 earnings per share. The business's revenue was up .7% compared to the same quarter last year. Research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim lowered their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 28th. Evercore ISI lifted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Telsey Advisory Group upped their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. Finally, Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $81.84.

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.