Rail-splitter Capital Management buys $12,312,144 stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Rail-splitter Capital Management scooped up 3,310 additional shares in Dollar Tree during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 127,231 shares of Dollar Tree which is valued at $12,312,144.Dollar Tree makes up approximately 2.85% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Ims Capital Management reduced its stake in DLTR by selling 7,206 shares or 21.7% in the most recent quarter. The Hedge Fund company now holds 25,997 shares of DLTR which is valued at $2,515,730. Dollar Tree makes up approx 2.84% of Ims Capital Management’s portfolio.Cornerstone Advisors reduced its stake in DLTR by selling 381 shares or 18.02% in the most recent quarter. The Hedge Fund company now holds 1,733 shares of DLTR which is valued at $165,883. Dollar Tree makes up approx 0.16% of Cornerstone Advisors’s portfolio.Jlb Associates Inc reduced its stake in DLTR by selling 796 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 80,038 shares of DLTR which is valued at $7,694,053. Dollar Tree makes up approx 2.12% of Jlb Associates Inc’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.Capstone Asset Management Co boosted its stake in DLTR in the latest quarter, The investment management firm added 2,258 additional shares and now holds a total of 27,470 shares of Dollar Tree which is valued at $2,592,069. Dollar Tree makes up approx 0.08% of Capstone Asset Management Co’s portfolio.

Dollar Tree closed down -1.12 points or -1.15% at $95.9 with 10,79,630 shares getting traded on Monday. Post opening the session at $96.97, the shares hit an intraday low of $95.61 and an intraday high of $97.03 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Upgraded by Deutsche Bank on Aug 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $82 .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 .

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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