Marsico Capital Management Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Marsico Capital Management reduced its stake in Dollar Tree by 29.26% during the most recent quarter end. The investment management company now holds a total of 2,130,589 shares of Dollar Tree which is valued at $165.4 Million after selling 881,129 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dollar Tree makes up approximately 4.91% of Marsico Capital Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in DLTR by selling 22,236 shares or 66.17% in the most recent quarter. The Hedge Fund company now holds 11,370 shares of DLTR which is valued at $882,653.Mitsubishi Ufj Trust Banking Corp boosted its stake in DLTR in the latest quarter, The investment management firm added 22,081 additional shares and now holds a total of 531,795 shares of Dollar Tree which is valued at $41.3 Million. Dollar Tree makes up approx 0.09% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Credit Agricole S A boosted its stake in DLTR in the latest quarter, The investment management firm added 397,949 additional shares and now holds a total of 573,374 shares of Dollar Tree which is valued at $44.5 Million. Dollar Tree makes up approx 0.21% of Credit Agricole S A’s portfolio. Balentine sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 881 shares of DLTR which is valued $68,392.

Dollar Tree opened for trading at $77.7 and hit $78.98 on the upside on Wednesday, eventually ending the session at $78.36, with a gain of 1.07% or 0.83 points. The heightened volatility saw the trading volume jump to 33,53,041 shares. Company has a market cap of $18,429 M.

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. Topeka Capital Markets Initiated Dollar Tree on May 24, 2016 to “Buy”, Price Target of the shares are set at $105.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 .

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.

Leave a Reply

Dollar Tree - Is it time to Sell?

Top Brokerage Firms are advising their investors on Dollar Tree. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.