Magee Thomson Investment Partners Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Magee Thomson Investment Partners reduced its stake in Dollar Tree by 2.6% during the most recent quarter end. The investment management company now holds a total of 140,700 shares of Dollar Tree which is valued at $13,525,491 after selling 3,760 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Dollar Tree makes up approximately 4.50% of Magee Thomson Investment Partners’s portfolio.

Other Hedge Funds, Including , Train Babcock Advisors added DLTR to its portfolio by purchasing 2,200 company shares during the most recent quarter which is valued at $211,486. Dollar Tree makes up approx 0.08% of Train Babcock Advisors’s portfolio.Hartford Investment Management Co reduced its stake in DLTR by selling 668 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 56,091 shares of DLTR which is valued at $5,392,028. Dollar Tree makes up approx 0.11% of Hartford Investment Management Co’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.Nn Investment Partners Holdings N.v. boosted its stake in DLTR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,510 shares of Dollar Tree which is valued at $142,484.Curian Capital reduced its stake in DLTR by selling 11,428 shares or 68.63% in the most recent quarter. The Hedge Fund company now holds 5,224 shares of DLTR which is valued at $496,698. Dollar Tree makes up approx 0.04% of Curian Capital’s portfolio.

Dollar Tree opened for trading at $95.32 and hit $96.27 on the upside on Thursday, eventually ending the session at $96.12, with a gain of 0.42% or 0.4 points. The heightened volatility saw the trading volume jump to 12,62,522 shares. Company has a market cap of $22,652 M.

On the company’s financial health, Dollar Tree reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.81. The company had revenue of $5085.80 million for the quarter, compared to analysts expectations of $5090.73 million. The company’s revenue was up 133.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Dollar Tree. 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 .Topeka Capital Markets Initiated Dollar Tree on May 24, 2016 to “Buy”, Price Target of the shares are set at $105.

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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