Dollar General Corp. PT Raised to $69.00 at Telsey Advisory Group (DG)
Analysts at Telsey Advisory Group lifted their price objective on shares of Dollar General Corp. (NYSE:DG) from $62.00 to $69.00 in a research report issued to clients and investors on Monday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 20.08% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Johnson Rice upgraded shares of Dollar General Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday. Separately, analysts at Credit Suisse upgraded shares of Dollar General Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday. Finally, 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. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $68.21.
Shares of Dollar General Corp. (NYSE:DG) traded up 12.15% on Monday, hitting $64.44. 34,200,604 shares of the company’s stock traded hands. Dollar General Corp. has a 52-week low of $53.00 and a 52-week high of $65.99. The stock’s 50-day moving average is $56.70 and its 200-day moving average is $57.16. The company has a market cap of $19.545 billion and a P/E 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 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 $3.53 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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