Dollar General Corp. (DG) is Downgraded by Deutsche Bank to Hold, Raises Price Target to $ 99

Dollar General Corp. (DG) was Downgraded by Deutsche Bank to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 99 from a previous price target of $95 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Aug 1, 2016.

Many Wall Street Analysts have commented on Dollar General Corp.. Company shares were Reiterated by MKM Partners on May 27, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $91 .Company shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $89 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 98 from a previous price target of $91 .

On the company’s financial health, Dollar General Corp. reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.95. The company had revenue of $5265.40 million for the quarter, 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.

Dollar General Corp. closed down -0.33 points or -0.35% at $94.74 with 16,84,505 shares getting traded on Friday. Post opening the session at $95.11, the shares hit an intraday low of $94.46 and an intraday high of $95.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 6, 2016, Anita C Elliott (SVP & Chief Accounting Officer) sold 2,947 shares at $91.11 per share price. According to the SEC, on Apr 12, 2016, John W Flanigan (EVP, Global Supply Chain) sold 35,196 shares at $82.21 per share price. On Apr 5, 2016, Rhonda Taylor (EVP & General Counsel) sold 1,206 shares at $86.89 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.

Dollar General Corp.

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