Dollar Tree, Inc. (NASDAQ:DLTR) Position Increased by McGinn Penninger Investment Management Inc.

McGinn Penninger Investment Management Inc. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,503 shares of the company’s stock after buying an additional 210 shares during the period. Dollar Tree makes up about 3.3% of McGinn Penninger Investment Management Inc.’s investment portfolio, making the stock its 11th largest holding. McGinn Penninger Investment Management Inc.’s holdings in Dollar Tree were worth $4,858,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stifel Financial Corp boosted its holdings in shares of Dollar Tree by 10.7% in the fourth quarter. Stifel Financial Corp now owns 91,959 shares of the company’s stock worth $13,063,000 after buying an additional 8,895 shares during the period. California State Teachers Retirement System boosted its stake in Dollar Tree by 0.8% in the 4th quarter. California State Teachers Retirement System now owns 331,588 shares of the company’s stock worth $47,102,000 after purchasing an additional 2,574 shares during the period. KBC Group NV grew its position in Dollar Tree by 4.0% during the 4th quarter. KBC Group NV now owns 22,832 shares of the company’s stock worth $3,243,000 after purchasing an additional 887 shares in the last quarter. NEOS Investment Management LLC raised its stake in Dollar Tree by 3.2% during the 4th quarter. NEOS Investment Management LLC now owns 10,145 shares of the company’s stock valued at $1,441,000 after purchasing an additional 317 shares during the period. Finally, Rafferty Asset Management LLC lifted its holdings in shares of Dollar Tree by 9.8% in the fourth quarter. Rafferty Asset Management LLC now owns 103,762 shares of the company’s stock valued at $14,739,000 after purchasing an additional 9,223 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Dollar Tree Stock Performance

Shares of DLTR opened at $70.32 on Tuesday. The company has a market capitalization of $15.11 billion, a PE ratio of -15.32, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21. The company’s fifty day moving average price is $86.63 and its 200 day moving average price is $106.36.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLTR. Morgan Stanley dropped their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. KeyCorp reduced their price target on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Citigroup cut their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average target price of $91.40.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.