Dollar General Corp. Rating Increased to Outperform at Wolfe Research (DG)
Dollar General Corp. (NYSE:DG) was upgraded by Wolfe Research from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.84% on Tuesday, hitting $63.60. 10,610,105 shares of the company’s stock traded hands. Dollar General Corp. has a one year low of $53.00 and a one year high of $65.99. The stock has a 50-day moving average of $56.9 and a 200-day moving average of $57.22. The company has a market cap of $19.290 billion and a price-to-earnings ratio of 19.89.
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 $3.57 EPS for the current fiscal year.
A number of other firms have also recently commented on DG. Analysts at MKM Partners raised their price target on shares of Dollar General Corp. from $67.00 to $75.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Dollar General Corp. from $69.00 to $73.00 in a research note on Tuesday. Finally, analysts at Telsey Advisory Group raised their price target on shares of Dollar General Corp. from $62.00 to $69.00 in a research note on Monday. They now have a “not rated” rating on the stock. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $69.40.
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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