Montag Caldwell Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Montag Caldwell reduced its stake in Dollar Tree by 2.54% during the most recent quarter end. The investment management company now holds a total of 2,529,162 shares of Dollar Tree which is valued at $205,342,663 after selling 65,807 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on May 3, 2016.Dollar Tree makes up approximately 3.81% of Montag Caldwell’s portfolio.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in DLTR by selling 1,812 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 80,978 shares of DLTR which is valued at $6,454,756. Dollar Tree makes up approx 0.08% of Texas Permanent School Fund’s portfolio. First Manhattan Co added DLTR to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $56,665.Advisory Services Network boosted its stake in DLTR in the latest quarter, The investment management firm added 1,448 additional shares and now holds a total of 2,702 shares of Dollar Tree which is valued at $218,727. Dollar Tree makes up approx 0.06% of Advisory Services Network’s portfolio. Cwm sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 56 shares of DLTR which is valued $4,533.

Dollar Tree closed down -0.42 points or -0.51% at $81.69 with 12,68,185 shares getting traded on Tuesday. Post opening the session at $82.05, the shares hit an intraday low of $81.29 and an intraday high of $82.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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