Dollar General Corp. Now Covered by Goldman Sachs Group Inc. (DG)
Research analysts at Goldman Sachs Group Inc. assumed coverage on shares of Dollar General Corp. (NYSE: DG) in a report released on Friday, Stock Ratings Network.com reports. The firm set a “neutral” rating and a $58.00 price target on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 4.22% from the stock’s previous close.
The analysts wrote, “While we are positive on the long-term growth potential ahead of DG, consensus estimates already embed outsized EPS growth over the next three years even as trade-down benefits wane further into a recovery. Furthermore, the recent rally on the heels of FDO’s 3Q release leaves valuation at a premium to history. As a result, we await a better entry point to become more constructive, all else equal.”
Shares of Dollar General Corp. (NYSE: DG) opened at 55.65 on Friday. Dollar General Corp. has a 52 week low of $39.73 and a 52 week high of $55.80. The stock’s 50-day moving average is currently $51.87. The company has a market cap of $18.220 billion and a P/E ratio of 19.24.
Dollar General Corp. (NYSE: DG) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.71 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.71. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Dollar General Corp. has set its FY14 guidance at $3.15-3.22 EPS. Analysts expect that Dollar General Corp. will post $3.21 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Dollar General Corp. in a research note to investors on Thursday. They now have a $58.00 price target on the stock, up previously from $56.00. Separately, analysts at Citigroup Inc. cut their price target on shares of Dollar General Corp. from $67.00 to $63.00 in a research note to investors on Thursday, June 6th. Finally, analysts at Sterne Agee initiated coverage on shares of Dollar General Corp. in a research note to investors on Wednesday, June 5th. They set a “neutral” rating on the stock.
Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $56.55.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States.
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