Alta Capital Management buys $61,080,742 stake in DOLLAR TREE INC COM (DLTR)

DOLLAR TREE INC COM (DLTR) : Alta Capital Management scooped up 4,929 additional shares in DOLLAR TREE INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 754,549 shares of DOLLAR TREE INC COM which is valued at $61,080,742.DOLLAR TREE INC COM makes up approximately 3.73% of Alta Capital Management’s portfolio.

DOLLAR TREE INC COM opened for trading at $81.96 and hit $82.31 on the upside on Wednesday, eventually ending the session at $82.07, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 11,75,552 shares. Company has a market cap of $19,301 M.

Other Hedge Funds, Including , Proficio Capital Partners reduced its stake in DLTR by selling 8 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 63 shares of DLTR which is valued at $4,971.British Columbia Investment Management Corp boosted its stake in DLTR in the latest quarter, The investment management firm added 12,872 additional shares and now holds a total of 88,067 shares of DOLLAR TREE INC COM which is valued at $6,949,367. DOLLAR TREE INC COM makes up approx 0.07% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, DOLLAR TREE INC COM 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 INC COM. Raymond James Downgraded DOLLAR TREE INC COM 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 INC COM 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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