Magnus Financial Group LLC Takes $201,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

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Magnus Financial Group LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,913 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Dollar Tree by 26.0% during the 4th quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock worth $1,654,421,000 after acquiring an additional 3,781,225 shares in the last quarter. Norges Bank acquired a new position in shares of Dollar Tree in the 4th quarter valued at approximately $274,937,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after acquiring an additional 2,301,814 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Dollar Tree by 15.4% in the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after acquiring an additional 1,303,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Dollar Tree by 50.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock valued at $300,813,000 after acquiring an additional 1,120,760 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.

DLTR stock traded up $1.34 during mid-day trading on Tuesday, hitting $109.47. The stock had a trading volume of 1,673,143 shares, compared to its average volume of 2,281,893. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.07 and a quick ratio of 0.23. The firm has a market cap of $26.01 billion, a P/E ratio of 20.09, a PEG ratio of 2.13 and a beta of 0.52. Dollar Tree, Inc. has a 1-year low of $78.78 and a 1-year high of $111.61.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.14. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.78 billion. Dollar Tree had a positive return on equity of 19.13% and a negative net margin of 6.43%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.2 EPS for the current year.

In related news, CFO Kevin S. Wampler sold 20,470 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $109.83, for a total transaction of $2,248,220.10. Following the completion of the sale, the chief financial officer now owns 128,571 shares in the company, valued at approximately $14,120,952.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary M. Philbin sold 9,614 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the completion of the sale, the chief executive officer now owns 84,665 shares of the company’s stock, valued at approximately $9,313,150. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,723 shares of company stock worth $7,217,811. 1.40% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets set a $105.00 price target on Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Telsey Advisory Group restated a “market perform” rating and set a $103.00 price objective (up from $90.00) on shares of Dollar Tree in a research note on Thursday, March 7th. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley upped their price objective on Dollar Tree from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $103.72.

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Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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