Dollar General Corp. Given Rating at Telsey Advisory Group (DG)
Dollar General Corp. (NYSE:DG)‘s stock had its “” rating reaffirmed by equities researchers at Telsey Advisory Group in a research report issued on Wednesday. They currently have a $62.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 9.91% from the company’s current price.
Dollar General Corp. (NYSE:DG) traded down 0.04% on Wednesday, hitting $56.39. 1,620,416 shares of the company’s stock traded hands. Dollar General Corp. has a 1-year low of $49.22 and a 1-year high of $62.93. The stock has a 50-day moving average of $55.73 and a 200-day moving average of $57.66. The company has a market cap of $17.684 billion and a P/E ratio of 17.79. Dollar General Corp. also was the target of unusually large options trading on Tuesday. Stock investors purchased 11,638 call options on the company. This is an increase of approximately 229% compared to the average daily volume of 3,539 call options.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.73 by $0.01. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the company posted $0.71 earnings per share. Dollar General Corp.’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Dollar General Corp. will post $3.51 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DG. Analysts at RBC Capital raised their price target on shares of Dollar General Corp. from $62.00 to $63.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at Sterne Agee downgraded shares of Dollar General Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, May 29th. They now have a $58.00 price target on the stock, down previously from $63.00. Finally, analysts at Deutsche Bank downgraded shares of Dollar General Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 28th. They now have a $60.00 price target on the stock, down previously from $65.00. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Dollar General Corp. has a consensus rating of “Buy” and a consensus target price of $62.41.
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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