Do Hedge Funds Love Dollar Tree, Inc. (DLTR)?

Dollar Tree has been a good investment that paid off over the long-run, having registered gains of more than 68% for the last three years. Last year, Dollar Tree completed the acquisition of Family Dollar and in the company’s last earnings report, CEO Bob Sasser said “[…] we successfully completed the acquisition of Family Dollar; we initiated, and remain on schedule with, the integration of our companies; and we are on track to achieve our stated synergy targets. Looking ahead, we are committed to growing and improving our Dollar Tree and Family Dollar businesses to better serve more customers, while delivering long-term value to our shareholders.”

More specifically, following the merger, Dollar Tree’s consolidated net sales surged by nearly 117% on the year to $5.37 billion in the fourth quarter of fiscal 2015 (ended January 30), mainly due to $2.68 billion in sales from the Family Dollar segment. Nevertheless, the revenue missed the Street’s estimates of $5.41 billion, while its EPS of $1.01, was lower than the consensus estimate by $0.06.

With all of this in mind, we’re going to view the recent action surrounding Dollar Tree, Inc. (NASDAQ:DLTR).

What does the smart money think about Dollar Tree, Inc. (NASDAQ:DLTR)?

Heading into 2016, a total of 59 of the hedge funds tracked by Insider Monkey were long this stock, a change of 13% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their holdings substantially (or already accumulated large positions).