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Shares of Dollar Tree (NASDAQ:DLTR) have received an average rating of “Buy” from the twenty-one analysts that are presently covering the stock, AnalystRatingsNetwork reports. Six research 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. The average twelve-month target price among brokerages that have covered the stock in the last year is $62.46.

Dollar Tree (NASDAQ:DLTR) traded down 0.02% on Wednesday, hitting $54.70. The stock had a trading volume of 267,304 shares. Dollar Tree has a 52 week low of $49.59 and a 52 week high of $60.19. The stock’s 50-day moving average is $54.93 and its 200-day moving average is $53.21. The company has a market cap of $11.313 billion and a price-to-earnings ratio of 19.50.

Dollar Tree (NASDAQ:DLTR) last released its earnings data on Thursday, May 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Dollar Tree will post $3.13 earnings per share for the current fiscal year.

DLTR has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $71.00 price target on the stock. Separately, 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. Finally, 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.

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

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