Ims Capital Management Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Ims Capital Management reduced its stake in Dollar Tree by 15.11% during the most recent quarter end. The investment management company now holds a total of 33,203 shares of Dollar Tree which is valued at $2,646,611 after selling 5,908 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Dollar Tree makes up approximately 3.19% of Ims Capital Management’s portfolio.

Dollar Tree opened for trading at $80.06 and hit $81.13 on the upside on Monday, eventually ending the session at $80.88, with a gain of 1.47% or 1.17 points. The heightened volatility saw the trading volume jump to 13,98,313 shares. Company has a market cap of $19,022 M.

Other Hedge Funds, Including , Curian Capital reduced its stake in DLTR by selling 11,428 shares or 68.63% in the most recent quarter. The Hedge Fund company now holds 5,224 shares of DLTR which is valued at $416,405. Dollar Tree makes up approx 0.03% of Curian Capital’s portfolio.Central Trust Co reduced its stake in DLTR by selling 2,875 shares or 16.43% in the most recent quarter. The Hedge Fund company now holds 14,628 shares of DLTR which is valued at $1,195,839. Dollar Tree makes up approx 0.09% of Central Trust Co’s portfolio.

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. 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 .Buckingham Research Initiated Dollar Tree 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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