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Dollar Tree (NASDAQ:DLTR)‘s stock had its “buy” rating reaffirmed by equities researchers at MKM Partners in a research report issued on Wednesday. They currently have a $74.50 price objective on the stock. MKM Partners’ price target indicates a potential upside of 34.31% from the stock’s previous close.

Dollar Tree (NASDAQ:DLTR) traded up 1.89% on Wednesday, hitting $55.47. 7,141,484 shares of the company’s stock traded hands. Dollar Tree has a 52 week low of $49.59 and a 52 week high of $60.19. The stock has a 50-day moving average of $54.44 and a 200-day moving average of $53.00. The company has a market cap of $11.472 billion and a price-to-earnings ratio of 19.41.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.01. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company posted $0.59 earnings per share. Dollar Tree’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Dollar Tree will post $3.15 EPS for the current fiscal year.

DLTR has been the subject of a number of other recent research reports. Analysts at Johnson Rice downgraded shares of Dollar Tree from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Dollar Tree in a research note on Tuesday. They now have a $56.00 price target on the stock, up previously from $51.00. Finally, analysts at BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating in a research note on Tuesday. They now have a $59.00 price target on the stock, down previously from $69.00. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $61.64.

Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.

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