Point72 Asset Management buys $173,570,104 stake in Dollar Tree (DLTR)

Dollar Tree (DLTR) : Point72 Asset Management scooped up 1,001,800 additional shares in Dollar Tree during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,215,600 shares of Dollar Tree which is valued at $173,570,104.Dollar Tree makes up approximately 1.43% of Point72 Asset Management’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management boosted its stake in DLTR in the latest quarter, The investment management firm added 209,459 additional shares and now holds a total of 229,941 shares of Dollar Tree which is valued at $17,891,709. Dollar Tree makes up approx 0.20% of Gotham Asset Management’s portfolio.Azimuth Capital Management boosted its stake in DLTR in the latest quarter, The investment management firm added 4,165 additional shares and now holds a total of 71,138 shares of Dollar Tree which is valued at $5,491,854. Dollar Tree makes up approx 0.49% of Azimuth Capital Management’s portfolio. Assetmark Inc sold out all of its stake in DLTR during the most recent quarter. The investment firm sold 750 shares of DLTR which is valued $55,215.Quantitative Investment Management boosted its stake in DLTR in the latest quarter, The investment management firm added 95,200 additional shares and now holds a total of 171,500 shares of Dollar Tree which is valued at $12,924,240. Dollar Tree makes up approx 0.44% of Quantitative Investment Management’s portfolio.Capital One National Association boosted its stake in DLTR in the latest quarter, The investment management firm added 1,093 additional shares and now holds a total of 9,863 shares of Dollar Tree which is valued at $745,150. Dollar Tree makes up approx 0.06% of Capital One National Association’s portfolio.

Dollar Tree opened for trading at $81.53 and hit $82.14 on the upside on Monday, eventually ending the session at $81.91, with a gain of 0.32% or 0.26 points. The heightened volatility saw the trading volume jump to 36,46,787 shares. Company has a market cap of $19,312 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 Upgraded by Johnson Rice to ” Accumulate” on Nov 15, 2016. Dollar Tree was Initiated by KeyBanc Capital Mkts to “Overweight” on Oct 13, 2016. Dollar Tree was Downgraded by Atlantic Equities to ” Underweight” on Sep 27, 2016.

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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