Dollar General Corp. Receives Neutral Rating from Zacks (DG)
Dollar General Corp. (NYSE:DG)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Tuesday. They currently have a $65.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 4.42% from the company’s current price.
A number of other firms have also recently commented on DG. Analysts at Citigroup Inc. upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $75.00 price target on the stock, down previously from $79.00. Separately, analysts at Jefferies Group upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $75.00 price target on the stock, up previously from $56.00. Finally, analysts at Bank of America reiterated a “positive” rating on shares of Dollar General Corp. in a research note on Monday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.44.
Dollar General Corp. (NYSE:DG) traded down 1.87% during mid-day trading on Tuesday, hitting $61.0863. 3,450,700 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 $65.99. The stock has a 50-day moving average of $56.11 and a 200-day moving average of $57.67. The company has a market cap of $18.528 billion and a P/E ratio of 19.30.
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. Analysts expect that Dollar General Corp. will post $3.51 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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