Dollar General Corp. (NYSE:DG) Given Consensus Rating of “Hold” by Analysts
Shares of Dollar General Corp. (NYSE:DG) have been assigned a consensus rating of “Hold” from the twenty-seven ratings firms that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $90.65.
DG has been the subject of several research reports. Morgan Stanley reiterated a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a research report on Sunday, August 28th. Citigroup Inc. increased their price objective on shares of Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Wolfe Research lowered shares of Dollar General Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 7th. Jefferies Group reiterated a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Finally, Macquarie reiterated an “outperform” rating and set a $92.00 price objective on shares of Dollar General Corp. in a research report on Wednesday, September 14th.
In other Dollar General Corp. news, Director Michael M. Calbert acquired 13,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $981,890.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Rhodes III acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were acquired at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
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A number of hedge funds have recently made changes to their positions in DG. Pacer Advisors Inc. boosted its stake in shares of Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock valued at $106,000 after buying an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dollar General Corp. by 45.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $175,000 after buying an additional 579 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Dollar General Corp. during the second quarter valued at approximately $200,000. Burns J W & Co. Inc. NY acquired a new stake in shares of Dollar General Corp. during the second quarter valued at approximately $203,000. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Dollar General Corp. during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 85.31% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.517% during trading on Tuesday, hitting $71.459. 1,584,848 shares of the company traded hands. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 16.712 and a beta of 0.63. Dollar General Corp. has a 52 week low of $59.75 and a 52 week high of $96.88. The company has a 50 day moving average price of $82.89 and a 200 day moving average price of $86.02.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the business earned $0.95 EPS. Dollar General Corp.’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect that Dollar General Corp. will post $4.50 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
About Dollar General Corp.
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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