McGinn Penninger Investment Management Inc. Has $5.15 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

McGinn Penninger Investment Management Inc. grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,585 shares of the company's stock after buying an additional 8,015 shares during the period. Dollar Tree accounts for 3.4% of McGinn Penninger Investment Management Inc.'s portfolio, making the stock its 8th biggest position. McGinn Penninger Investment Management Inc.'s holdings in Dollar Tree were worth $5,149,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. Hurley Capital LLC bought a new stake in Dollar Tree in the fourth quarter worth $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Dollar Tree in the fourth quarter worth $43,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLTR. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Wells Fargo & Company set a $105.00 price target on Dollar Tree and gave the company an "overweight" rating in a report on Monday, June 2nd. Piper Sandler upped their price target on Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Finally, Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $90.37.

Dollar Tree Stock Performance

DLTR traded down $1.26 during midday trading on Friday, reaching $101.76. The company had a trading volume of 2,140,917 shares, compared to its average volume of 4,225,657. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $91.88 and a two-hundred day moving average of $79.25. The company has a market cap of $21.24 billion, a P/E ratio of -7.34, a P/E/G ratio of 2.19 and a beta of 0.86. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $108.93.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer owned 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,439 shares of company stock valued at $2,099,028 in the last quarter. 6.60% of the stock is currently owned by company insiders.

Dollar Tree Company 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.