Swiss National Bank Trims Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Swiss National Bank lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 576,981 shares of the company's stock after selling 29,100 shares during the quarter. Swiss National Bank owned approximately 0.27% of Dollar Tree worth $43,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Equity Investment Corp grew its position in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after buying an additional 746,913 shares during the period. State Street Corp grew its position in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after buying an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock worth $95,994,000 after buying an additional 425,245 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $24,922,000. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $19,591,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

DLTR traded up $0.29 during trading hours on Thursday, hitting $64.59. The stock had a trading volume of 3,338,772 shares, compared to its average volume of 3,368,681. The company's fifty day simple moving average is $71.42 and its 200 day simple moving average is $70.32. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $137.14. The stock has a market cap of $13.89 billion, a PE ratio of -13.54, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLTR. BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Loop Capital increased their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Guggenheim cut their target price on Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, December 6th. Finally, Evercore ISI dropped their price objective on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy 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 $84.79.

About Dollar Tree

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.