Deutsche Bank Downgrades Dollar General Corp. to Hold with Price Target $99.00

Brokerage firm Deutsche Bank Downgrades its rating on Dollar General Corp.(NYSE:DG). In a research note issued to the investors, the brokerage major Raises the price-target to $99.00 per share. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Aug 1, 2016.

In a different note, On Jul 18, 2016, Morgan Stanley said it Maintains its rating on Dollar General Corp.. In the research note, the firm Raises the price-target to $95.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 6, 2016, Citigroup said it Maintains its rating on Dollar General Corp.. In the research note, the firm Raises the price-target to $98.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 3, 2016, Citigroup said it Maintains its rating on Dollar General Corp.. In the research note, the firm Raises the price-target to $98.00 per share. The shares have been rated ‘Buy’ by the firm. BTIG Research said it Initiates Coverage on Dollar General Corp., according to a research note issued on Jun 1, 2016. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Credit Suisse said it Maintains its rating on Dollar General Corp.. In the research note, the firm Raises the price-target to $90.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 27, 2016, UBS said it Maintains its rating on Dollar General Corp.. In the research note, the firm Raises the price-target to $93.00 per share. The shares have been rated ‘Buy’ by the firm.

Dollar General Corp. (DG) shares turned negative on Mondays trading session with the shares closing down -1.38 points or -1.46% at a volume of 13,11,066. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $94.32. The peak price level was also seen at $94.32 while the days lowest was $92.78. Finally the shares closed at $92.99. The 52-week high of the shares is $96.88 while the 52-week low is $59.75. According to the latest information available, the market cap of the company is $26,389 M.

Dollar General Corp.(DG) last announced its earnings results on May 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $5.26B. Analysts had an estimated revenue of $5.28B. Earnings per share were $1.03. Analysts had estimated an EPS of $0.95.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Anita C Elliott (SVP & Chief Accounting Officer) sold 2,947 shares at $91.11 per share price.Also, 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.

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