McGinn Penninger Investment Management Inc. Has $4.86 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

McGinn Penninger Investment Management Inc. increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.5% during the second quarter, HoldingsChannel.com reports. The firm owned 45,503 shares of the company’s stock after buying an additional 210 shares during the period. Dollar Tree accounts for 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Capital World Investors raised its holdings in shares of Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after buying an additional 487,180 shares in the last quarter. Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the period. FIL Ltd boosted its stake in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Dollar Tree by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Down 3.8 %

Dollar Tree stock opened at $70.32 on Tuesday. The company has a 50 day moving average of $86.63 and a 200-day moving average of $106.36. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21. The stock 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.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group cut their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Morgan Stanley decreased their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus price target of $91.40.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was 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 in the company, valued at $670,616.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Profile

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.