Dollar General Corp. Lifted to Overweight at Johnson Rice (DG)
Dollar General Corp. (NYSE:DG) was upgraded by equities research analysts at Johnson Rice from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Dollar General Corp. (NYSE:DG) traded up 9.75% on Monday, hitting $63.0599. The stock had a trading volume of 27,991,848 shares. Dollar General Corp. has a 1-year low of $53.00 and a 1-year high of $65.99. The stock has a 50-day moving average of $56.70 and a 200-day moving average of $57.16. The company has a market cap of $19.126 billion and a price-to-earnings ratio of 17.82.
Dollar General Corp. (NYSE:DG) last released its 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. Analysts expect that Dollar General Corp. will post $3.53 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DG. Analysts at Credit Suisse upgraded shares of Dollar General Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday. Separately, analysts at Deutsche Bank upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $69.00 price target on the stock, up previously from $60.00. Finally, analysts at Sterne Agee upgraded shares of Dollar General Corp. from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $26.00 price target on the stock, down previously from $58.00. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $64.14.
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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