Dollar General Corp. Reaches New 12-Month High at $62.64 (DG)
Dollar General Corp. (NYSE:DG)’s share price reached a new 52-week high during mid-day trading on Thursday, American Banking News reports. The stock traded as high as $62.64 and last traded at $61.52, with a volume of 6,587,067 shares traded. The stock had previously closed at $59.70.
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 investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $62.80.
Dollar General Corp. has a 52 week low of $42.68 and a 52 week high of $61.95. The stock has a 50-day moving average of $59.51 and a 200-day moving average of $56.74. The company has a market cap of $19.707 billion and a P/E ratio of 19.09. Dollar General Corp. also was the target of unusually large options trading on Wednesday. Investors acquired 7,552 put options on the stock. This is an increase of 305% compared to the typical volume of 1,863 put options.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. Dollar General Corp.’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Dollar General Corp. will post $3.22 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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