Point72 Asset Management buys $180,736,816 stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Point72 Asset Management scooped up 537,500 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 1,877,200 shares of Dollar Tree which is valued at $180,736,816.Dollar Tree makes up approximately 1.44% of Point72 Asset Management’s portfolio.

Other Hedge Funds, Including , Altavista Wealth Management added DLTR to its portfolio by purchasing 2,992 company shares during the most recent quarter which is valued at $288,070. Dollar Tree makes up approx 0.15% of Altavista Wealth Management’s portfolio.Raymond James Associates boosted its stake in DLTR in the latest quarter, The investment management firm added 6,496 additional shares and now holds a total of 58,442 shares of Dollar Tree which is valued at $5,626,796. Dollar Tree makes up approx 0.02% of Raymond James Associates’s portfolio. Geneva Advisors added DLTR to its portfolio by purchasing 10,116 company shares during the most recent quarter which is valued at $984,995. Dollar Tree makes up approx 0.02% of Geneva Advisors’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in DLTR in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 5,932 shares of Dollar Tree which is valued at $575,523. Dollar Tree makes up approx 0.12% of Mn Services Vermogensbeheer B.v.’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in DLTR in the latest quarter, The investment management firm added 3,098 additional shares and now holds a total of 43,386 shares of Dollar Tree which is valued at $4,209,310. Dollar Tree makes up approx 0.05% of Dekabank Deutsche Girozentrale’s portfolio.

Dollar Tree opened for trading at $82.39 and hit $83.75 on the upside on Thursday, eventually ending the session at $83.18, with a gain of 0.58% or 0.48 points. The heightened volatility saw the trading volume jump to 29,38,633 shares. Company has a market cap of $19,603 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. 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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