Commerce Bank Has $715,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Commerce Bank decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 47.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC grew its holdings in shares of Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after buying an additional 100,676 shares in the last quarter. Pzena Investment Management LLC purchased a new position in Dollar Tree during the 4th quarter valued at about $520,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $448,000. Intrepid Capital Management Inc. lifted its position in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after purchasing an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its position in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William W. Douglas III bought 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on DLTR shares. Evercore ISI upped their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note 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 research note on Thursday, March 27th. Bank of America reduced their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the company from $76.00 to $103.00 in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $81.84.

Dollar Tree Stock Performance

DLTR opened at $82.16 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average price is $71.41 and its two-hundred day moving average price is $70.61. The firm has a market capitalization of $17.67 billion, a P/E ratio of -17.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $2.55 EPS. The company's revenue was up .7% on a year-over-year basis. On average, 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.

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