Traders Purchase High Volume of Dollar General Corp. Put Options (DG)
Dollar General Corp. (NYSE:DG) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 7,552 put options on the stock, American Banking and Market News reports. This is an increase of 305% compared to the typical volume of 1,863 put options.
DG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Dollar General Corp. in a research note to investors on Wednesday, December 11th. They now have a $64.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Dollar General Corp. from $63.00 to $66.00 in a research note to investors on Friday, December 6th. They now have a “not rated” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Dollar General Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, December 6th. They now have a $71.00 price target on the stock, up previously from $64.00. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $62.80.
Dollar General Corp. (NYSE:DG) traded down 0.32% on Wednesday, hitting $59.70. 4,418,716 shares of the company’s stock traded hands. Dollar General Corp. has a one year low of $42.59 and a one year high of $61.95. The stock has a 50-day moving average of $59.48 and a 200-day moving average of $56.72. The company has a market cap of $19.119 billion and a P/E ratio of 19.15.
Dollar General Corp. (NYSE:DG) last released its earnings data on Thursday, December 5th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.02. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Dollar General Corp. will post $3.22 earnings per share 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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