Stock Update: Dollar Tree, Inc. (NASDAQ:DLTR)

[Street] Dollar Tree, Inc. (NASDAQ:DLTR) shares are up 0.66% to $77.28 on Monday after hedge fund Elliot Management said Friday that it is seeking seats on the company's board. The move is part of an effort to get the company to reconsider a $9.1 billion buyout bid from Dollar General (DG) that the company rejected earlier this year due to concerns that U.S. anti-trust regulators would not approve the deal.Stock PerformanceTaking a look at the company’s recent performance, Dollar Tree, Inc. (DLTR) reported second quarter earnings for fiscal 2014 on August 05^th 2014. The company reported actual earnings per share of $0.61 against the consensus Street estimate of $0.64. Family Dollar posted revenue of $2.03 billion against estimates of $2.01 billion.Dollar Tree, Inc. (DLTR) is currently valued at $11.72 billion and closed the last trading session at $56.58. The stock has a 50-day moving average of $55.26 and a 200-day moving average of $53.75.

Is this a Buying Opportunity?There are currently fifteen analysts that we track that cover the stock. Of those fifteen, eight have Buy rating and seven have a hold rating. On a consensus basis this yields a score of 2.53 and a Hold. The combined price objective of these covering analysts is $61.81, which represents a 10.80% upside difference to the last closing price.The most recent analyst activity consisted of Zacks reiterating their neutral stance on the company. Zacks has a price target of $56.08 close to last closing price. On the date of the report, the stock closed at $55.68.Another research firm weighing in recently was Bank of America who also Initiated Coverage on the stock. On August 18^th 2014 Bank of America upgrade their price target on the stock $71, a 26.76% upside to the current price. On the day of the report, DLTR shares closed at $54.26.Company Profile Dollar Tree, Inc. (DLTR) operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which includes candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise that include toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods consisting of Valentine's Day, Easter, Halloween, and Christmas merchandise.