Regentatlantic Capital buys $9,095,431 stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Regentatlantic Capital scooped up 19,287 additional shares in Dollar Tree during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 95,290 shares of Dollar Tree which is valued at $9,095,431.Dollar Tree makes up approximately 0.85% of Regentatlantic Capital’s portfolio.

Other Hedge Funds, Including , Leavell Investment Management boosted its stake in DLTR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 22,495 shares of Dollar Tree which is valued at $2,147,148. Dollar Tree makes up approx 0.31% of Leavell Investment Management’s portfolio.Hexavest reduced its stake in DLTR by selling 67,978 shares or 7.07% in the most recent quarter. The Hedge Fund company now holds 893,189 shares of DLTR which is valued at $85,504,983. Dollar Tree makes up approx 1.27% of Hexavest’s portfolio.Pacwest Financial Management Inc reduced its stake in DLTR by selling 1,852 shares or 8.56% in the most recent quarter. The Hedge Fund company now holds 19,788 shares of DLTR which is valued at $1,867,196. Dollar Tree makes up approx 1.14% of Pacwest Financial Management Inc’s portfolio.Kistler-tiffany Companies boosted its stake in DLTR in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 125 shares of Dollar Tree which is valued at $11,885. Dollar Tree makes up approx 0.01% of Kistler-tiffany Companies’s portfolio.

Dollar Tree opened for trading at $95.79 and hit $96.05 on the upside on Wednesday, eventually ending the session at $95.45, with a gain of 0.09% or 0.09 points. The heightened volatility saw the trading volume jump to 15,07,526 shares. Company has a market cap of $22,494 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. 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 .Topeka Capital Markets Initiated Dollar Tree on May 24, 2016 to “Buy”, Price Target of the shares are set at $105.

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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