Swiss National Bank Has $75.64 Million Position in Dollar Tree, Inc. (DLTR)

Swiss National Bank boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 871,247 shares of the company’s stock after acquiring an additional 8,800 shares during the period. Swiss National Bank owned 367,847.58% of Dollar Tree worth $75,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in shares of Dollar Tree by 42.0% in the second quarter. Bank of Montreal Can now owns 271,604 shares of the company’s stock worth $18,991,000 after buying an additional 80,337 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Dollar Tree by 1.2% in the second quarter. Gateway Investment Advisers LLC now owns 46,086 shares of the company’s stock worth $3,222,000 after buying an additional 525 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Dollar Tree by 17.7% in the second quarter. State of Alaska Department of Revenue now owns 2,594 shares of the company’s stock worth $181,000 after buying an additional 390 shares during the last quarter. National Pension Service raised its holdings in shares of Dollar Tree by 10.4% in the second quarter. National Pension Service now owns 244,065 shares of the company’s stock worth $17,019,000 after buying an additional 22,894 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Dollar Tree in the second quarter worth $156,000. 90.53% of the stock is owned by institutional investors.

In other Dollar Tree news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total transaction of $841,173.00. Following the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,449 shares of company stock worth $22,808,837. Insiders own 4.10% of the company’s stock.

WARNING: This story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/swiss-national-bank-has-75-64-million-position-in-dollar-tree-inc-dltr.html.

A number of research analysts have issued reports on DLTR shares. Bank of America Corporation started coverage on shares of Dollar Tree in a report on Friday, August 25th. They issued a “buy” rating and a $91.00 price target for the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $98.00 price target (up previously from $95.00) on shares of Dollar Tree in a report on Thursday, August 24th. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a report on Wednesday, August 23rd. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.38.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at $95.06 on Friday. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. The stock has a market cap of $22,514.48, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $95.64.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. equities research analysts predict that Dollar Tree, Inc. will post 4.66 EPS for the current year.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply