Dollar General Corp. PT Raised to $73.00 (DG)
Investment analysts at Telsey Advisory Group lifted their target price on shares of Dollar General Corp. (NYSE:DG) from $69.00 to $73.00 in a note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 13.71% from the company’s current price.
A number of other firms have also recently commented on DG. Analysts at Wolfe Research upgraded shares of Dollar General Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 19th. Separately, 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, August 19th. They now have a “buy” rating on the stock. Finally, 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, August 19th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Dollar General Corp. has a consensus rating of “Buy” and an average price target of $70.07.
Dollar General Corp. (NYSE:DG) opened at 64.20 on Friday. Dollar General Corp. has a 52 week low of $53.00 and a 52 week high of $65.99. The stock has a 50-day moving average of $58.26 and a 200-day moving average of $57.63. The company has a market cap of $19.472 billion and a price-to-earnings ratio of 19.75. Dollar General Corp. also saw unusually large options trading on Wednesday. Traders purchased 19,825 call options on the stock. This represents an increase of 139% compared to the typical daily volume of 8,312 call options.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.83 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.83. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter last year, the company posted $0.77 earnings per share. Dollar General Corp.’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Dollar General Corp. will post $3.51 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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