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Dollar Tree (NASDAQ:DLTR) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $71.00 target price on the stock. Bank of America’s target price would indicate a potential upside of 27.69% from the stock’s previous close.

A number of other firms have also recently commented on DLTR. Analysts at MKM Partners reiterated a “buy” rating on shares of Dollar Tree in a research note on Wednesday, July 30th. They now have a $74.50 price target on the stock. Separately, analysts at Johnson Rice downgraded shares of Dollar Tree from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 29th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Dollar Tree in a research note on Tuesday, July 29th. They now have a $56.00 price target on the stock, up previously from $51.00. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $62.46.

Shares of Dollar Tree (NASDAQ:DLTR) traded down 1.99% on Monday, hitting $54.50. 5,968,554 shares of the company’s stock traded hands. Dollar Tree has a 1-year low of $49.59 and a 1-year high of $60.19. The stock has a 50-day moving average of $54.92 and a 200-day moving average of $53.14. The company has a market cap of $11.271 billion and a price-to-earnings ratio of 19.82.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Dollar Tree will post $3.16 EPS for the current fiscal year.

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

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