MD: Traders Buy Shares of Dollar General Corp. on Weakness
Investors bought shares of Dollar General Corp. (NYSE:DG) on weakness during trading hours on Thursday, AnalystRatings.NET reports. $43.15 million flowed into the stock on the tick-up and $25.99 million flowed out of the stock on the tick-down, for a money net flow of $17.16 million into the stock. Of all stocks tracked, Dollar General Corp. had the 25th highest net in-flow for the day. Dollar General Corp. traded down ($0.24) for the day and closed at $71.71
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating and set a $85.00 price target on shares of Dollar General Corp. in a research note on Monday, February 23rd. Analysts at Piper Jaffray raised their price target on shares of Dollar General Corp. from $73.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Analysts at Goldman Sachs initiated coverage on shares of Dollar General Corp. in a research note on Friday, January 30th. They set a “buy” rating and a $67.90 price target on the stock. Finally, analysts at Bank of America downgraded shares of Dollar General Corp. to a “sell” rating and set a $60.00 price target on the stock in a research note on Monday, January 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $74.64.
The stock’s 50-day moving average is $69. and its 200-day moving average is $65.. The company has a market cap of $21.76 billion and a P/E ratio of 21.46.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.01. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Dollar General Corp. will post $3.50 earnings per share for the current fiscal year.
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumable products such as food, paper and cleaning products, health and beauty products, pet supplies and tobacco products, and non-consumable products such as seasonal merchandise, home decor and domestics, and basic apparel.
