Deutsche Bank AG Reaffirms “Buy” Rating for Dollar General Corp. (DG)
Dollar General Corp. (NYSE:DG)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank AG in a research report issued on Wednesday. They currently have a $77.00 price target on the stock, down from their prior price target of $84.00. Deutsche Bank AG’s price target points to a potential upside of 12.08% from the company’s previous close.
Other analysts have also issued research reports about the stock. Morgan Stanley restated a “buy” rating and set a $97.00 target price on shares of Dollar General Corp. in a research report on Sunday, August 28th. Citigroup Inc. raised their target price on shares of Dollar General Corp. from $89.00 to $107.00 and gave the stock 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 restated a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Finally, Barclays PLC started coverage on shares of Dollar General Corp. in a research report on Friday, September 23rd. They set an “equal weight” rating and a $74.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.42.
Dollar General Corp. (NYSE:DG) traded up 0.52% during trading on Wednesday, hitting $69.06. 2,206,227 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $72.73 and its 200 day moving average price is $84.65. Dollar General Corp. has a 12-month low of $59.75 and a 12-month high of $96.88. The stock has a market cap of $19.46 billion, a P/E ratio of 16.15 and a beta of 0.74.
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Dollar General Corp. (NYSE:DG) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.09 by $0.01. The business earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Analysts anticipate that Dollar General Corp. will post $4.50 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.
In other news, Director William C. Rhodes III bought 5,000 shares of Dollar General Corp. stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $76.30 per share, with a total value of $381,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael M. Calbert bought 13,000 shares of Dollar General Corp. stock in a transaction on Tuesday, August 30th. The shares were purchased at an average cost of $75.53 per share, with a total value of $981,890.00. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock worth $106,000 after buying an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $175,000 after buying an additional 579 shares during the period. Sigma Planning Corp bought a new stake in Dollar General Corp. during the second quarter worth approximately $200,000. Burns J W & Co. Inc. NY bought a new stake in Dollar General Corp. during the second quarter worth approximately $203,000. Finally, Nuveen Fund Advisors LLC bought a new stake in Dollar General Corp. during the second quarter worth approximately $205,000. 85.44% of the stock is owned by hedge funds and other institutional investors.
Dollar General Corp. Company Profile
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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