Shares of Dollar General Corp. (NYSE:DG) have been given an average recommendation of “Buy” by the twenty-six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $105.41.
A number of equities research analysts have commented on DG shares. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Citigroup started coverage on Dollar General in a report on Friday, July 6th. They set a “buy” rating on the stock. MKM Partners increased their target price on Dollar General to $117.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Buckingham Research increased their target price on Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, August 27th. Finally, Guggenheim reiterated a “buy” rating and set a $115.00 target price on shares of Dollar General in a report on Monday, August 20th.
Shares of DG traded up $1.66 on Wednesday, reaching $106.42. The stock had a trading volume of 180,284 shares, compared to its average volume of 2,486,660. The stock has a market cap of $29.02 billion, a P/E ratio of 23.46, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21. Dollar General has a twelve month low of $79.79 and a twelve month high of $112.59.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Research analysts expect that Dollar General will post 6.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, October 5th. Dollar General’s dividend payout ratio is presently 25.84%.
In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the transaction, the executive vice president now owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Community Bank N.A. raised its position in shares of Dollar General by 240.2% in the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after buying an additional 1,170 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Dollar General by 50.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after buying an additional 596 shares during the period. Visionary Asset Management Inc. purchased a new position in shares of Dollar General in the 3rd quarter worth $221,000. Checchi Capital Advisers LLC purchased a new position in shares of Dollar General in the 2nd quarter worth $205,000. Finally, Iberiabank Corp purchased a new position in shares of Dollar General in the 3rd quarter worth $231,000. 95.00% of the stock is currently owned by institutional investors.
Dollar General Company Profile
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.
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