Equities research analysts at MKM Partners hoisted their target price on shares of Dollar Tree (NASDAQ:DLTR) from $57.00 to $59.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. MKM Partners’ target price would indicate a potential upside of 11.05% from the stock’s previous close.

Dollar Tree (NASDAQ:DLTR) traded down 0.10% during mid-day trading on Friday, hitting $53.075. The stock had a trading volume of 724,736 shares. Dollar Tree has a 1-year low of $37.12 and a 1-year high of $55.02. The stock’s 50-day moving average is $53.13 and its 200-day moving average is $48.51. The company has a market cap of $11.880 billion and a P/E ratio of 19.15.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 22nd. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts predict that Dollar Tree will post $2.82 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on DLTR. Analysts at Feltl & Co. raised their price target on shares of Dollar Tree from $57.00 to $64.40 in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Dollar Tree in a research note to investors on Friday. Finally, analysts at Telsey Advisory Group raised their price target on shares of Dollar Tree from $53.00 to $58.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock.

Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and a consensus price target of $53.13.

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