Stock Update: Dollar General Corp. (NYSE:DG)

[Zacks] Dollar General Corp. (NYSE:DG) extended the period of tender offer made to the shareholders of Family Dollar Stores Inc, (FDO) from Oct 8, 2014 to Oct 31, 2014. The company also stated in the release that nearly 126,499 shares have been validly tendered as of Sep 30, 2014. Dollar General made a hostile bid on its rival Family Dollar after the latter rejected its earlier bids. The third time, Dollar General took its $9.1 billion or $80 per share bid, which is the same as it previously offered, directly to the shareholders.Stock PerformanceTaking a look at the company’s recent performance, Dollar General reported second quarter earnings for fiscal 2014 on August 8^th. The company reported actual earnings per share of $0.83 against the consensus Street estimate of $0.83. This represents year over year growth of 7.8%. Dollar General posted revenue of $4.72 billion against estimates of $4.77 billion.Dollar General is currently valued at $18.50 billion and closed the last trading session at $59.95. The stock has a 50-day moving average of $62.90 and a 200-day moving average of $58.53.

Is this a Buying Opportunity?There are currently fifteen analysts that we track that cover the stock. Of those fifteen, ten have a Buy rating and five have a hold rating. On a consensus basis this yields a score of 2.67 and a Buy. The combined price objective of these covering analysts is $72.42, which represents a 17.54% difference to the last closing price.The most recent analyst activity consisted of Zacks Investment Research reiterating their Neutral stance on the company. Zacks has a price target of $67 which represents an upside of 8.74% from the last closing price. On the date of the report, the stock closed at $63.99.Another research firm weighing in recently was BMO Capital Markets who also reiterated their rating on the stock. On August 29^th BMO Capital Markets boosted their price target on the stock from $65 to $78, or a 26.60% upside to the current price. On the day of the report, DG shares closed at $63.99.Company ProfileDollar General Corp. (NYSE:DG), a discount retailer, provides merchandise products in the 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 products comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks, such as candy, cookies, crackers, salty snacks, and carbonated beverages; pet products comprising pet supplies and pet food; tobacco products; and health and beauty products, including over-the-counter medicines, as well as personal care products, such as soap, body wash, shampoo, dental hygiene, and foot care products. It also offers seasonal products, including decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive, and home office supplies; and home products comprising kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed, and bath soft goods.