Avenir Corp Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Avenir Corp reduced its stake in Dollar Tree by 3.29% during the most recent quarter end. The investment management company now holds a total of 865,627 shares of Dollar Tree which is valued at $67.2 Million after selling 29,479 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dollar Tree makes up approximately 5.57% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Laurion Capital Management Lp added DLTR to its portfolio by purchasing 194,500 company shares during the most recent quarter which is valued at $15.1 Million. Dollar Tree makes up approx 1.37% of Laurion Capital Management Lp’s portfolio.Mutual Of America Capital Management boosted its stake in DLTR in the latest quarter, The investment management firm added 1,668 additional shares and now holds a total of 28,154 shares of Dollar Tree which is valued at $2.2 Million. Dollar Tree makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.Profund Advisors reduced its stake in DLTR by selling 2,656 shares or 11.82% in the most recent quarter. The Hedge Fund company now holds 19,819 shares of DLTR which is valued at $1.6 Million. Dollar Tree makes up approx 0.08% of Profund Advisors’s portfolio.Td Asset Management Inc reduced its stake in DLTR by selling 7,114 shares or 5.16% in the most recent quarter. The Hedge Fund company now holds 130,837 shares of DLTR which is valued at $10.6 Million. Dollar Tree makes up approx 0.02% of Td Asset Management Inc’s portfolio.State Of Wisconsin Investment Board reduced its stake in DLTR by selling 5,900 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 164,549 shares of DLTR which is valued at $13.4 Million. Dollar Tree makes up approx 0.05% of State Of Wisconsin Investment Board’s portfolio.

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 $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.81. The company had revenue of $5085.80 million for the quarter, compared to analysts expectations of $5090.73 million. The company’s revenue was up 133.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Dollar Tree. Company shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 102 from a previous price target of $95 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Top Pick”, Firm has raised the Price Target to $ 101 from a previous price target of $94 .Topeka Capital Markets Initiated Dollar Tree on May 24, 2016 to “Buy”, Price Target of the shares are set at $105.

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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