Dollar General Corp. Reaches New 12-Month High at $58.82 (DG)
Dollar General Corp. (NYSE:DG)’s share price reached a new 52-week high during trading on Friday, Analyst Ratings.Net reports. The stock traded as high as $58.82 and last traded at $58.72, with a volume of 1,993,353 shares traded. The stock had previously closed at $57.75.
DG has been the subject of a number of recent research reports. Analysts at Barclays Capital downgraded shares of Dollar General Corp. (NYSE:DG) from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, September 10th. Separately, analysts at Wedbush raised their price target on shares of Dollar General Corp. (NYSE:DG) from $58.00 to $64.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Dollar General Corp. (NYSE:DG) from $52.00 to $57.00 in a research note to investors on Thursday, September 5th. They now have a “sector perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $60.00.
Dollar General Corp. has a 52-week low of $39.73 and a 52-week high of $58.71. The stock’s 50-day moving average is $56.20 and its 200-day moving average is $53.28. The company has a market cap of $19.018 billion and a P/E ratio of 19.22.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Wednesday, September 4th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that Dollar General Corp. will post $3.23 EPS for the current fiscal year.
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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