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

Swiss National Bank decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 576,981 shares of the company’s stock after selling 29,100 shares during the quarter. Swiss National Bank’s holdings in Dollar Tree were worth $43,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DLTR. Assetmark Inc. lifted its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the period. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust lifted its stake in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLTR. Evercore ISI reduced their price objective on shares of 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. BMO Capital Markets increased their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Truist Financial increased their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group increased their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company cut their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Performance

Dollar Tree stock opened at $64.56 on Monday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of -13.53, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm’s fifty day moving average price is $71.99 and its 200 day moving average price is $70.63.

Dollar Tree Company 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.