Swiss National Bank boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 862,447 shares of the company’s stock after buying an additional 27,000 shares during the quarter. Swiss National Bank owned approximately 0.36% of Dollar Tree worth $60,302,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new position in Dollar Tree in the 1st quarter valued at about $124,000. Citizens Financial Group Inc. RI lifted its stake in Dollar Tree by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after buying an additional 48 shares in the last quarter. Independent Portfolio Consultants Inc. lifted its stake in Dollar Tree by 18.1% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after buying an additional 285 shares in the last quarter. Advisory Services Network LLC purchased a new position in Dollar Tree in the 1st quarter valued at about $150,000. Finally, YorkBridge Wealth Partners LLC lifted its stake in Dollar Tree by 3.7% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock valued at $150,000 after buying an additional 66 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on DLTR shares. Gordon Haskett started coverage on shares of Dollar Tree in a research note on Tuesday, May 9th. They issued a “buy” rating and a $98.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research note on Monday, May 22nd. Deutsche Bank AG raised their price target on shares of Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. BMO Capital Markets set a $88.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a research note on Friday, May 26th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Dollar Tree in a research note on Sunday, May 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $88.04.

In related news, Director Conrad M. Hall purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was purchased at an average price of $66.16 per share, with a total value of $330,800.00. Following the completion of the transaction, the director now owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lemuel E. Lewis purchased 3,475 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average cost of $71.45 per share, with a total value of $248,288.75. Following the transaction, the director now directly owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The disclosure for this purchase can be found here. Insiders have purchased 10,375 shares of company stock valued at $705,819 in the last ninety days. 2.90% of the stock is currently owned by company insiders.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 81.06 on Monday. The stock’s 50 day moving average is $74.10 and its 200-day moving average is $75.75. The firm has a market cap of $19.20 billion, a P/E ratio of 20.74 and a beta of 0.68. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $91.41.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.

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Dollar Tree Profile

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)

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