Dollar Tree (DLTR) : Fox Point Capital Management added new position in Dollar Tree during the most recent quarter end. The investment management firm now holds 27,500 shares of Dollar Tree which is valued at $2,647,700 , the company said in a statement filed on Aug 12, 2016 with the SEC.Dollar Tree makes up approximately 5.98% of Fox Point Capital Management’s portfolio.
Other Hedge Funds, Including , Summit Securities Group reduced its stake in DLTR by selling 6,319 shares or 33.97% in the most recent quarter. The Hedge Fund company now holds 12,282 shares of DLTR which is valued at $1,182,511. Dollar Tree makes up approx 0.62% of Summit Securities Group’s portfolio.State Treasurer State Of Michigan boosted its stake in DLTR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 81,874 shares of Dollar Tree which is valued at $7,922,947. Dollar Tree makes up approx 0.06% of State Treasurer State Of Michigan’s portfolio. Spot Trading L.l.c sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 233 shares of DLTR which is valued $22,547.Nordea Investment Management Ab boosted its stake in DLTR in the latest quarter, The investment management firm added 8,500 additional shares and now holds a total of 200,246 shares of Dollar Tree which is valued at $19,113,481. Dollar Tree makes up approx 0.05% of Nordea Investment Management Ab’s portfolio.
Dollar Tree opened for trading at $85.75 and hit $86.32 on the upside on Monday, eventually ending the session at $85.53, with a gain of 0.04% or 0.03 points. The heightened volatility saw the trading volume jump to 38,51,142 shares. Company has a market cap of $20,157 M.
On the company’s financial health, Dollar Tree reported $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $0.73. The company had revenue of $5000.00 million for the quarter, compared to analysts expectations of $5082.09 million. The company’s revenue was up 66.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Dollar Tree. Company shares were Upgraded by Deutsche Bank on Aug 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $82 .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 .
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.