Advisory Services Network Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Advisory Services Network reduced its stake in Dollar Tree by 44.51% during the most recent quarter end. The investment management company now holds a total of 2,022 shares of Dollar Tree which is valued at $157,655 after selling 1,622 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Dollar Tree makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in DLTR by selling 774 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 60,202 shares of DLTR which is valued at $4,693,950. Dollar Tree makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DLTR in the latest quarter, The investment management firm added 87,449 additional shares and now holds a total of 127,914 shares of Dollar Tree which is valued at $9,608,900. Dollar Tree makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio. Lenox Wealth Advisors added DLTR to its portfolio by purchasing 55 company shares during the most recent quarter which is valued at $4,132.Chevy Chase Trust Holdings reduced its stake in DLTR by selling 4,529 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 197,140 shares of DLTR which is valued at $14,809,157. Dollar Tree makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.

Dollar Tree closed down -0.12 points or -0.15% at $77.97 with 17,83,002 shares getting traded on Friday. Post opening the session at $78.55, the shares hit an intraday low of $77.575 and an intraday high of $78.83 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Downgraded by Atlantic Equities to ” Underweight” on Sep 27, 2016. 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 .

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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