Weiss Multi-strategy Advisers buys $24,086,368 stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Weiss Multi-strategy Advisers scooped up 183,968 additional shares in Dollar Tree during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 250,170 shares of Dollar Tree which is valued at $24,086,368.Dollar Tree makes up approximately 1.07% of Weiss Multi-strategy Advisers’s portfolio.

Other Hedge Funds, Including , Sterling Ridge Capital Management Lp reduced its stake in DLTR by selling 1,856 shares or 9.31% in the most recent quarter. The Hedge Fund company now holds 18,082 shares of DLTR which is valued at $1,740,935. Dollar Tree makes up approx 1.59% of Sterling Ridge Capital Management Lp’s portfolio. Atlanta Capital Management Co L L C added DLTR to its portfolio by purchasing 837,059 company shares during the most recent quarter which is valued at $80,592,041. Dollar Tree makes up approx 0.52% of Atlanta Capital Management Co L L C’s portfolio.Mutual Of America Capital Management boosted its stake in DLTR in the latest quarter, The investment management firm added 2,730 additional shares and now holds a total of 30,884 shares of Dollar Tree which is valued at $2,988,645. Dollar Tree makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.

Dollar Tree closed down -0.78 points or -0.94% at $82.5 with 2,778,503 shares getting traded on Wednesday. Post opening the session at $83.01, the shares hit an intraday low of $81.74 and an intraday high of $83.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Dollar Tree was Resumed by Goldman to “Buy” on Sep 6, 2016. 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 .

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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