Westpac Banking Corp Sells 46,388 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Westpac Banking Corp lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,007 shares of the company’s stock after selling 46,388 shares during the quarter. Westpac Banking Corp owned approximately 0.08% of Dollar Tree worth $25,716,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System raised its holdings in shares of Dollar Tree by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock valued at $3,667,000 after purchasing an additional 100 shares in the last quarter. Cardinal Capital Management raised its holdings in shares of Dollar Tree by 0.4% in the 4th quarter. Cardinal Capital Management now owns 30,099 shares of the company’s stock valued at $4,230,000 after purchasing an additional 106 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Dollar Tree by 6.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,060 shares of the company’s stock valued at $289,000 after purchasing an additional 118 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Dollar Tree by 0.5% in the 4th quarter. Horrell Capital Management Inc. now owns 29,640 shares of the company’s stock valued at $4,165,000 after purchasing an additional 143 shares in the last quarter. Finally, SouthState Corp raised its holdings in shares of Dollar Tree by 5.1% in the 3rd quarter. SouthState Corp now owns 3,085 shares of the company’s stock valued at $295,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

NASDAQ:DLTR opened at $162.45 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.30 and a current ratio of 1.34. The company has a fifty day moving average of $156.58 and a two-hundred day moving average of $138.64. The stock has a market capitalization of $36.57 billion, a PE ratio of 28.01, a P/E/G ratio of 1.35 and a beta of 0.75. Dollar Tree, Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.22. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Research analysts forecast that Dollar Tree, Inc. will post 7.91 earnings per share for the current year.

In other Dollar Tree news, Director Daniel J. Heinrich bought 425 shares of Dollar Tree stock in a transaction dated Monday, March 28th. The stock was acquired at an average cost of $156.09 per share, for a total transaction of $66,338.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Jacobs sold 542 shares of the stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $157.94, for a total transaction of $85,603.48. Following the completion of the sale, the insider now owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Several research analysts recently commented on the stock. Truist Financial assumed coverage on shares of Dollar Tree in a research note on Thursday, January 13th. They set a “buy” rating and a $162.00 price objective for the company. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 23rd. Piper Sandler upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $157.00 to $181.00 in a research note on Wednesday, March 9th. Loop Capital upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $200.00 in a research note on Wednesday, March 9th. Finally, Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Wednesday, April 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $154.70.

About Dollar Tree (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

Further Reading

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

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