Dollar General Corp. Receives Average Recommendation of “Buy” from Brokerages (NYSE:DG)
Shares of Dollar General Corp. (NYSE:DG) have earned an average recommendation of “Buy” from the nineteen analysts that are covering the stock, AnalystRatingsNetwork.com reports. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $63.38.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.94% on Friday, hitting $58.23. 585,617 shares of the company’s stock traded hands. Dollar General Corp. has a 52 week low of $49.47 and a 52 week high of $62.93. The stock’s 50-day moving average is $55.86 and its 200-day moving average is $57.66. The company has a market cap of $18.012 billion and a P/E ratio of 17.89. Dollar General Corp. also was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 11,638 call options on the stock. This represents an increase of approximately 229% compared to the typical 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 (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Dollar General Corp. will post $3.51 earnings per share for the current fiscal year.
A number of research firms have recently commented on DG. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Dollar General Corp. in a research note on Wednesday. They now have a $62.00 price target on the stock. Separately, 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. Finally, 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.
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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