Intermede Investment Partners Ltd buys $38,211,503 stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Intermede Investment Partners Ltd scooped up 135,253 additional shares in Dollar Tree during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 467,419 shares of Dollar Tree which is valued at $38,211,503.Dollar Tree makes up approximately 4.56% of Intermede Investment Partners Ltd’s portfolio.

Dollar Tree opened for trading at $81.67 and hit $82.64 on the upside on Monday, eventually ending the session at $82.56, with a gain of 0.99% or 0.81 points. The heightened volatility saw the trading volume jump to 16,32,029 shares. Company has a market cap of $19,417 M.

Other Hedge Funds, Including , Oakbrook Investments reduced its stake in DLTR by selling 150 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 12,587 shares of DLTR which is valued at $1,028,987. Dollar Tree makes up approx 0.07% of Oakbrook Investments’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in DLTR in the latest quarter, The investment management firm added 4,539 additional shares and now holds a total of 57,167 shares of Dollar Tree which is valued at $4,673,402. Dollar Tree makes up approx 0.11% of Exxonmobil Investment Management Inc Tx’s portfolio. Lenox Wealth Advisors sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 115 shares of DLTR which is valued $9,401.Eagle Asset Management Inc boosted its stake in DLTR in the latest quarter, The investment management firm added 119,641 additional shares and now holds a total of 157,934 shares of Dollar Tree which is valued at $12,462,572. Dollar Tree makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Dollar Tree reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Mar 1, 2016. Analyst had a consensus of $1.07. The company had revenue of $5365.30 million for the quarter, compared to analysts expectations of $5404.79 million. The company’s revenue was up 116.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Many Wall Street Analysts have commented on Dollar Tree. Raymond James Downgraded Dollar Tree on Mar 2, 2016 to ” Mkt Perform”, Price Target of the shares are set at $95.Company shares were Reiterated by MKM Partners on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .Buckingham Research Initiated Dollar Tree on Feb 23, 2016 to “Buy”, Price Target of the shares are set at $96.

Dollar Tree Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic everyday items with seasonal closeout and promotional merchandise. As of July 06 2015 the Company operated more than 13600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree Dollar Tree Canada Deals and Family Dollar. Dollar Tree’s consumable merchandise includes candy and food health and beauty care and everyday consumables such as paper and chemicals and in select stores frozen and refrigerated food. The Company’s variety merchandise includes toys durable housewares gifts party goods greeting cards softlines and other items. Its seasonal goods include Valentine’s Day Easter Halloween and Christmas merchandise.

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