Comerica Bank Reduces Stock Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Comerica Bank trimmed its stake in Dollar Tree by 31.8% in Q4, selling 12,125 shares and now holds 26,041 shares worth about $3.20 million per its latest 13F filing.
• Institutional ownership is very high at about 97.40%, and analyst coverage is mixed with a consensus rating of "Hold" and an average price target of $122.76 (8 Buy, 10 Hold, 6 Sell).
• Dollar Tree beat Q4 EPS estimates with $2.56 (vs. $2.53 expected) and reported revenue of $5.45B (up 9% YoY but slightly below forecasts); the stock trades in a 52‑week range of $82.83–$142.40.

Comerica Bank trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,041 shares of the company's stock after selling 12,125 shares during the quarter. Comerica Bank's holdings in Dollar Tree were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in Dollar Tree during the 3rd quarter worth $29,000. YANKCOM Partnership purchased a new stake in Dollar Tree during the 4th quarter valued at about $31,000. FNY Investment Advisers LLC purchased a new stake in Dollar Tree during the 3rd quarter valued at about $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the 4th quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC grew its stake in Dollar Tree by 90.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company's stock valued at $40,000 after purchasing an additional 201 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on DLTR shares. Weiss Ratings upgraded Dollar Tree from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday. BMO Capital Markets reiterated an "underperform" rating on shares of Dollar Tree in a research note on Tuesday, March 17th. Barclays reiterated an "overweight" rating on shares of Dollar Tree in a research note on Monday, March 16th. Sanford C. Bernstein boosted their price target on Dollar Tree from $123.00 to $124.00 and gave the company a "market perform" rating in a research note on Tuesday, March 17th. Finally, Truist Financial dropped their price target on Dollar Tree from $156.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $122.76.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $94.67 on Monday. The stock has a market cap of $18.68 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The business has a 50-day simple moving average of $109.89 and a 200-day simple moving average of $114.81. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. Dollar Tree, Inc. has a 52-week low of $82.83 and a 52-week high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.03. The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 6.75 EPS for the current year.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company's stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree's merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.

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