Davidson Kempner Capital Management Lp adds Dollar Tree (DLTR) to its portfolio

Dollar Tree (DLTR) : Davidson Kempner Capital Management Lp added new position in Dollar Tree during the most recent quarter end. The investment management firm now holds 480,100 shares of Dollar Tree which is valued at $37.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.Dollar Tree makes up approximately 2.12% of Davidson Kempner Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Maple Capital Management added DLTR to its portfolio by purchasing 31,265 company shares during the most recent quarter which is valued at $2.4 Million. Dollar Tree makes up approx 0.90% of Maple Capital Management’s portfolio. Mosaic Family Wealth sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 124 shares of DLTR which is valued $9,626.Mitchell Capital Management Co boosted its stake in DLTR in the latest quarter, The investment management firm added 6,337 additional shares and now holds a total of 123,118 shares of Dollar Tree which is valued at $10 Million. Dollar Tree makes up approx 3.50% of Mitchell Capital Management Co’s portfolio.Boston Financial Mangement Inc reduced its stake in DLTR by selling 430 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 4,490 shares of DLTR which is valued at $364,543. Dollar Tree makes up approx 0.05% of Boston Financial Mangement Inc’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. 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.

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