Emerging Sovereign Group Exits Position in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Emerging Sovereign Group has sold out all of its stake in Dollar Tree during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 321,061 shares of Dollar Tree which is valued at $30,911,753.

Other Hedge Funds, Including , Group One Trading sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 13,944 shares of DLTR which is valued $1,342,528.Private Advisor Group reduced its stake in DLTR by selling 2,687 shares or 22.08% in the most recent quarter. The Hedge Fund company now holds 9,484 shares of DLTR which is valued at $909,516. Dollar Tree makes up approx 0.04% of Private Advisor Group’s portfolio.Strategic Financial Services Inc reduced its stake in DLTR by selling 935 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 45,600 shares of DLTR which is valued at $4,424,112. Dollar Tree makes up approx 0.88% of Strategic Financial Services Inc’s portfolio.Mitchell Capital Management Co reduced its stake in DLTR by selling 7,370 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 115,748 shares of DLTR which is valued at $11,145,375. Dollar Tree makes up approx 4.30% of Mitchell Capital Management Co’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.

Dollar Tree opened for trading at $85.75 and hit $86.32 on the upside on Monday, eventually ending the session at $85.53, with a gain of 0.04% or 0.03 points. The heightened volatility saw the trading volume jump to 38,51,142 shares. Company has a market cap of $20,157 M.

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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