Westpac Banking Corp Makes New $6.37 Million Investment in Dollar Tree, Inc. $DLTR

Westpac Banking Corp purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,295 shares of the company’s stock, valued at approximately $6,365,000.

Several other hedge funds have also made changes to their positions in the business. Sumitomo Life Insurance Co. purchased a new stake in shares of Dollar Tree in the second quarter valued at $361,000. Harber Asset Management LLC purchased a new position in Dollar Tree during the second quarter worth about $4,196,000. Landscape Capital Management L.L.C. acquired a new stake in Dollar Tree in the 2nd quarter worth about $2,763,000. Korea Investment CORP acquired a new stake in Dollar Tree in the 2nd quarter worth about $15,573,000. Finally, EP Wealth Advisors LLC acquired a new stake in Dollar Tree in the 2nd quarter worth about $617,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $131.48 on Friday. The firm has a market capitalization of $25.27 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.47 and a beta of 0.64. Dollar Tree, Inc. has a 1-year low of $84.71 and a 1-year high of $142.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39. The business’s 50-day simple moving average is $123.93 and its 200-day simple moving average is $114.37.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, May 28th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. The business had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Equities analysts predict that Dollar Tree, Inc. will post 7 EPS for the current year.

Dollar Tree announced that its board has initiated a stock repurchase program on Thursday, July 2nd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on DLTR shares. BMO Capital Markets upped their price objective on shares of Dollar Tree from $90.00 to $98.00 and gave the company an “underperform” rating in a research note on Tuesday, August 11th. Guggenheim raised their target price on shares of Dollar Tree from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Freedom Capital downgraded shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Sanford C. Bernstein upped their price target on shares of Dollar Tree from $124.00 to $127.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Saturday. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.41.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.