Stock Update (NYSE:DG): Dollar General Names Michael M. Calbert as Non-Executive Chairman of the Board

[Business Wire] – Dollar General Corporation today announced that Rick Dreiling will step down as a member and the chairman of the board of directors of Dollar General effective January 29, 2016 and it has named Michael M. Read more on this. Dollar General Corporation (DG) , with a current value of $20.60B, started trading this morning at $70.42. Today’s price range has been between $70.30 and $71.95 per share with the price of the stock fluctuating between $59.75 to $81.42 over the last 52 weeks. Dollar General (DG) shares are currently priced at 17.45x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.39x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.88 per share annually in dividends, yielding 1.25%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.26 per share, which would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.92 is a $0.42 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.29 Billion. If realized, that would be a 7.09% increase over the year-ago quarter. Recently, BB&T Capital Mkts upgraded DG from Hold to Buy (Nov 20, 2015). Previously, BofA/Merrill upgraded DG from Underperform to Neutral. When considering if the stock is under or overvalued, the average price target is $81.74, which is 16.07% above where the stock opened this morning. See more in (NYSE:DG) Similar Articles: Market Update: Dollar General Corporation (NYSE:DG) – Dollar General Corporation Announces Pricing of $500.0 Million of Senior Notes Company Update: Dollar General Corporation (NYSE:DG) – Dollar General Corporation To Present At The Goldman Sachs 22nd Annual Global Retailing Conference on Wednesday, September 9, 2015 Stock Update (NYSE:DG): Dollar General Names James W. Thorpe as Executive Vice President and Chief Merchandising Officer