Dollar General Corp. Sees Unusually High Options Volume (DG)
Shares of Dollar General Corp. (NYSE:DG) was the target of unusually large options trading on Tuesday. Stock investors purchased 17,936 put options on the company, Stock Ratings News reports. This is an increase of approximately 221% compared to the typical daily volume of 5,585 put options.
A number of research firms have recently commented on DG. Analysts at Deutsche Bank raised their price target on shares of Dollar General Corp. from $63.00 to $68.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $63.75.
Dollar General Corp. (NYSE:DG) traded down 0.42% on Tuesday, hitting $57.27. The stock had a trading volume of 3,314,026 shares. Dollar General Corp. has a 1-year low of $43.35 and a 1-year high of $62.93. The stock’s 50-day moving average is $60.19 and its 200-day moving average is $57.4. The company has a market cap of $18.341 billion and a P/E ratio of 18.39.
Dollar General Corp. (NYSE:DG) last posted its quarterly 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. 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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