Winslow Capital Management Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Winslow Capital Management reduced its stake in Dollar Tree by 5.54% during the most recent quarter end. The investment management company now holds a total of 4,030,027 shares of Dollar Tree which is valued at $388,011,000 after selling 236,171 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Dollar Tree makes up approximately 1.49% of Winslow Capital Management’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management boosted its stake in DLTR in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 4,161 shares of Dollar Tree which is valued at $402,660. Dollar Tree makes up approx 0.06% of Pillar Pacific Capital Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in DLTR by selling 200 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 15,500 shares of DLTR which is valued at $1,483,660. Dollar Tree makes up approx 0.08% of Louisiana State Employees Retirement System’s portfolio.Eastern Bank reduced its stake in DLTR by selling 114 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 2,598 shares of DLTR which is valued at $248,707. Dollar Tree makes up approx 0.02% of Eastern Bank’s portfolio.

Dollar Tree closed down -0.25 points or -0.26% at $95.51 with 21,04,587 shares getting traded on Tuesday. Post opening the session at $96.02, the shares hit an intraday low of $95.26 and an intraday high of $96.35 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 $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $0.73. The company had revenue of $5000.00 million for the quarter, compared to analysts expectations of $5082.09 million. The company’s revenue was up 66.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 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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