Commerce Bank Sells 3,145 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Commerce Bank trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,284 shares of the company’s stock after selling 3,145 shares during the period. Commerce Bank’s holdings in Dollar Tree were worth $1,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in Dollar Tree by 49.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,902 shares of the company’s stock worth $919,000 after acquiring an additional 2,294 shares in the last quarter. Bessemer Group Inc. raised its stake in Dollar Tree by 21.4% during the first quarter. Bessemer Group Inc. now owns 1,585 shares of the company’s stock valued at $212,000 after buying an additional 279 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Dollar Tree by 43.4% in the first quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock worth $361,000 after acquiring an additional 821 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Dollar Tree by 15.4% in the first quarter. Gamco Investors INC. ET AL now owns 3,411 shares of the company’s stock worth $454,000 after acquiring an additional 455 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Dollar Tree by 51.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 633,223 shares of the company’s stock valued at $84,314,000 after acquiring an additional 214,912 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was a 28.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by insiders.

Dollar Tree Trading Up 1.0 %

NASDAQ:DLTR opened at $66.40 on Monday. The business has a fifty day moving average price of $67.75 and a 200-day moving average price of $90.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of -13.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. Dollar Tree’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Citigroup decreased their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Piper Sandler cut their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley lowered their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $87.95.

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.