Investors Purchase High Volume of Put Options on Dollar General Corp. (DG)
Dollar General Corp. (NYSE:DG) saw some unusual options trading on Monday. Traders bought 21,696 put options on the stock, AR Network reports. This is an increase of approximately 473% compared to the typical daily volume of 3,784 put options.
Several analysts have recently commented on the stock. 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 nineteen have assigned a buy rating to the stock. Dollar General Corp. has a consensus rating of “Buy” and a consensus price target of $63.53.
Dollar General Corp. (NYSE:DG) opened at 60.10 on Tuesday. Dollar General Corp. has a one year low of $43.35 and a one year high of $62.93. The stock’s 50-day moving average is $60. and its 200-day moving average is $57.21. The company has a market cap of $19.247 billion and a price-to-earnings ratio of 19.36.
Dollar General Corp. (NYSE:DG) last announced its earnings results 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. 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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