Dollar General Corp. (DG) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $1.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.95. The company posted revenue of $5265.40 million in the period, compared to analysts expectations of $5281.06 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.
Many Wall Street Analysts have commented on Dollar General Corp.. Dollar General Corp. was Upgraded by BofA/Merrill to ” Buy” on May 4, 2016. Company shares were Reiterated by Stifel on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Jefferies on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $96 .
Dollar General Corp. opened for trading at $83.3 and hit $84.74 on the upside on Wednesday, eventually ending the session at $84.13, with a gain of 0.85% or 0.71 points. The heightened volatility saw the trading volume jump to 44,88,841 shares. Company has a market cap of $24,101 M.
In a different news, on Apr 12, 2016, John W Flanigan (EVP, Global Supply Chain) sold 35,196 shares at $82.21 per share price. According to the SEC, on Apr 5, 2016, Rhonda Taylor (EVP & General Counsel) sold 1,206 shares at $86.89 per share price. On Mar 15, 2016, Anita C Elliott (SVP & Chief Accounting Officer) sold 7,981 shares at $84.96 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.