Dollar Tree, Inc. $DLTR Shares Sold by Comerica Bank

Comerica Bank lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. YANKCOM Partnership acquired a new position in Dollar Tree in the 4th quarter worth about $31,000. Root Financial Partners LLC acquired a new position in Dollar Tree in the 3rd quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree in the 4th quarter worth about $39,000. FNY Investment Advisers LLC acquired a new position in Dollar Tree in the 3rd quarter worth about $37,000. Finally, Smartleaf Asset Management LLC raised its holdings in Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DLTR. BTIG Research reaffirmed a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. BNP Paribas Exane cut Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price target for the company. in a report on Wednesday, January 21st. Weiss Ratings raised Dollar Tree from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Barclays reaffirmed an “overweight” rating on shares of Dollar Tree in a report on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $126.00 price target on shares of Dollar Tree in a report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $122.76.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $94.67 on Monday. The business has a 50 day simple moving average of $109.89 and a two-hundred day simple moving average of $114.81. Dollar Tree, Inc. has a 12 month low of $82.83 and a 12 month high of $142.40. The stock has a market capitalization of $18.68 billion, a P/E ratio of 15.15, a PEG ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, analysts predict that Dollar Tree, Inc. will post 6.75 EPS for the current fiscal year.

Dollar Tree Company 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.