Dollar Tree, Inc. (DLTR) Falls on Weak Q2 Results but Hedge Funds are Bullish on Long-Term

Among the hedge funds in our database, Akre Capital Management, led by Charles Akre, held the largest stake in the company, with 3.55 million shares valued at $280.53 million at the end of the second quarter. Alkeon Capital Management and Adage Capital Management were other major shareholders, holding 3.53 million shares and 2.64 million shares, respectively. Jim Simons’ Renaissance Technologies has initiated one of the largest stakes, which contain 1.07 million shares, while Two Sigma Advisors, Maverick Capital, and Ascend Capital were among the investors that disposed their entire stakes in the company.

Dollar Tree, Inc. (NASDAQ:DLTR) incurred acquisition and restructuring-related costs during the second quarter, affecting its quarterly earnings. However, the company has a greater footprint in the market after its merger with the Family Dollar Stores. The hedge funds in our database were positive on its stocks. Considering these factors, we recommend a buy for the shares of the company.

Disclosure: None