Dollar Tree (DLTR) : Covey Capital Advisors scooped up 58,454 additional shares in Dollar Tree during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 153,434 shares of Dollar Tree which is valued at $11.9 Million.Dollar Tree makes up approximately 6.32% of Covey Capital Advisors’s portfolio.
Other Hedge Funds, Including , Raymond James Associates boosted its stake in DLTR in the latest quarter, The investment management firm added 3,181 additional shares and now holds a total of 51,946 shares of Dollar Tree which is valued at $4 Million. Dollar Tree makes up approx 0.01% of Raymond James Associates’s portfolio.Teacher Retirement System Of Texas boosted its stake in DLTR in the latest quarter, The investment management firm added 6,795 additional shares and now holds a total of 16,064 shares of Dollar Tree which is valued at $1.2 Million. Dollar Tree makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Essex Investment Management Co reduced its stake in DLTR by selling 29 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 8,705 shares of DLTR which is valued at $675,769. Dollar Tree makes up approx 0.12% of Essex Investment Management Co’s portfolio.Ci Investments reduced its stake in DLTR by selling 739,700 shares or 36.19% in the most recent quarter. The Hedge Fund company now holds 1,304,100 shares of DLTR which is valued at $105.9 Million. Dollar Tree makes up approx 1.34% of Ci Investments’s portfolio.
Dollar Tree closed down -0.02 points or -0.03% at $76.89 with 29,92,782 shares getting traded on Friday. Post opening the session at $76.86, the shares hit an intraday low of $75.56 and an intraday high of $77.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.