Nebula Capital Management Lp Lowers stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Nebula Capital Management Lp reduced its stake in Dollar Tree by 83.35% during the most recent quarter end. The investment management company now holds a total of 6,135 shares of Dollar Tree which is valued at $593,684 after selling 30,710 shares in Dollar Tree , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Dollar Tree makes up approximately 4.58% of Nebula Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in DLTR by selling 407 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 47,448 shares of DLTR which is valued at $4,591,543. Dollar Tree makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio.Quadrant Capital Group boosted its stake in DLTR in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 1,818 shares of Dollar Tree which is valued at $175,055. Dollar Tree makes up approx 0.11% of Quadrant Capital Group’s portfolio.Capital One National Association boosted its stake in DLTR in the latest quarter, The investment management firm added 584 additional shares and now holds a total of 8,770 shares of Dollar Tree which is valued at $837,097. Dollar Tree makes up approx 0.07% of Capital One National Association’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in DLTR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 68,117 shares of Dollar Tree which is valued at $6,427,520. Dollar Tree makes up approx 0.11% of Gulf International Bank (uk) Ltd’s portfolio.British Columbia Investment Management Corp boosted its stake in DLTR in the latest quarter, The investment management firm added 23,467 additional shares and now holds a total of 111,534 shares of Dollar Tree which is valued at $10,604,653. Dollar Tree makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio.

Dollar Tree closed down -0.7 points or -0.72% at $96.07 with 15,19,043 shares getting traded on Thursday. Post opening the session at $96.78, the shares hit an intraday low of $95.72 and an intraday high of $97.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 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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