KeyBanc has raised its target price by $ 15 on Dollar General Corporation (NYSE:DG) to $ 225.00 from the previous mark of $ 210.00, suggesting the upside potential of more than 12.28 percent from the existing levels. However, the brokerage has maintained its Overweight rating on the stock, Benzinga reported.
Shares of Dollar General Corporation traded up $ 2.56 or 1.28 percent on Monday, reaching $ 202.95 with volume of 901.90 thousand shares. The stock opened positive for the day at $ 200.93, after closing the previous day trading at $ 200.39. According to the previous trading day, closing price of $ 200.39, representing a 60.31 % increase from the 52 week low of $ 125.00 and a 3.18 % decrease over the 52 week high of $ 206.98.
With respect to the key metrics, Dollar General Corporation stock has advanced $ 24.64 or 14.00 percent, reaching $ 178.16 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 8.37 or 4.00 percent, before arriving at $ 194.43 during the SMA50-day period.
Dollar General Corporation recently reported second quarter financial results on August 27, 2020, before market open, discount retailer posted income for the second quarter of $ 3.12 per share, from the revenue of $ 8,684.24 million, On adjusted basis, DG reported income for the quarter of $ 3.12 per share. The quarterly earnings improved 89.09 percent while revenues up 24.38 percent compared with the same quarter last year. The consensus estimates are income of $ 2.44 per share from $ 8349.84 million in revenue. The bottom line results beat street analysts by $ 0.68 or 27.87 percent, at the same time, top line results outshined analysts by $ 334.40 million or 4.00 percent.
Moving ahead, the analysts surveyed by Thomson Reuters are predicting, Dollar General Corporation to report 3Q21 income of $ 1.91 per share from revenue of $ 8036.35 million. For the full year, analysts anticipate top line of $ 32984.30 million, while looking forward to income of $ 9.91 per share bottom line.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine. Its consumable products also comprise snacks, which include candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, including over-the-counter medicines and personal care products, such as soaps, body washes, shampoos, cosmetics, and dental hygiene and foot care products; pet supplies and pet food; and tobacco products.
