Dollar General (DG) Target Forecast Slips by Two Dollars at Avondale

Dollar General received a market “outperform” reiteration today from securities research analysts at investment firm Avondale.  Avondale however lowered their their performance outlook for Dollar General by adjusting their price target from $39 to $37 dollars.  ‘DG’ has been traded today with a considerable amount of price-action volatility.

Dollar General is slated to release their next earnings report on August 31st, 2011 and is estimated to post EPS of 48 cents per the standing consensus estimate.  Their last earnings report was released yesterday on June 1st, 2011 and announced EPS of 48 cents with revenue totaling $3.45 billion which was up 11.0 % year to year.  ‘DG’ is currently trading between its 50 & 200-day moving averages and 2011 is currently an up year for the company.

Dollar General is the largest discount retailer in the United States by number of stores, with 9,414 stores located in 35 states as of February 25, 2011, primarily in the southern, southwestern, midwestern and eastern United States.  The company has market capitalization of $11,075,000,000 and 341,535,000 shares outstanding.  DG has a 52-week high of $35.09 with the low being $26.61 dollars.

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