Dollar General Corp. (DG) was Initiated by KeyBanc Capital Mkts to “Sector Weight”. KeyBanc Capital Mkts advised their investors in a research report released on Oct 13, 2016.
Many Wall Street Analysts have commented on Dollar General Corp.. Dollar General Corp. was Downgraded by Goldman to ” Neutral” on Sep 6, 2016. Shares were Downgraded by Telsey Advisory Group on Aug 26, 2016 to ” Market Perform” and Lowered the Price Target to $ 84 from a previous price target of $102 .Shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Outperform” and Lowered the Price Target to $ 90 from a previous price target of $103 .
On the company’s financial health, Dollar General Corp. reported $1.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $1.09. The company had revenue of $5390.00 million for the quarter, compared to analysts expectations of $5497.92 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Dollar General Corp. closed down -0.71 points or -1.02% at $68.7 with 31,61,559 shares getting traded on Tuesday. Post opening the session at $69.43, the shares hit an intraday low of $68.21 and an intraday high of $69.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 1, 2016, Michael M Calbert (director) purchased 13,000 shares at $75.53 per share price. According to the SEC, on Aug 29, 2016, William C Iii Rhodes (director) purchased 5,000 shares at $76.30 per share price. On Jun 6, 2016, Anita C Elliott (SVP & Chief Accounting Officer) sold 2,947 shares at $91.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise including consumables seasonal home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations toys batteries small electronics greeting cards stationery prepaid phones and accessories gardening supplies hardware automotive and home office supplies. Home products includes kitchen supplies cookware small appliances light bulbs storage containers frames candles craft supplies and kitchen bed and bath soft goods. Apparel includes casual everyday apparel for infants toddlers girls boys women and men as well as socks underwear disposable diapers shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11879 stores located in over 43 states.