Dollar General Corp. (DG) Rating Reiterated by Deutsche Bank AG
Dollar General Corp. (NYSE:DG)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They currently have a $77.00 price objective on the stock, down from their prior price objective of $84.00. Deutsche Bank AG’s price objective points to a potential upside of 12.08% from the stock’s current price.
Several other research firms have also recently weighed in on DG. Zacks Investment Research upgraded Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, July 5th. Jefferies Group cut Dollar General Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $101.00 to $96.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Credit Suisse Group AG cut Dollar General Corp. from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $80.00 in a research report on Thursday, August 25th. MKM Partners reiterated a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a research report on Thursday, August 25th. Finally, Macquarie lowered their price objective on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $89.42.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.52% on Wednesday, reaching $69.06. 2,190,358 shares of the company traded hands. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88. The company has a market capitalization of $19.46 billion, a P/E ratio of 16.15 and a beta of 0.74. The firm’s 50 day moving average is $72.73 and its 200 day moving average is $84.65.
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Dollar General Corp. (NYSE:DG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts expect that Dollar General Corp. will post $4.50 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. Dollar General Corp.’s dividend payout ratio is 23.42%.
In other news, Director Michael M. Calbert acquired 13,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of $75.53 per share, for a total transaction of $981,890.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Rhodes III acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were purchased 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. Insiders own 0.22% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd bought a new stake in shares of Dollar General Corp. during the first quarter valued at about $195,087,000. FMR LLC increased its stake in shares of Dollar General Corp. by 22.1% in the second quarter. FMR LLC now owns 5,363,791 shares of the company’s stock valued at $504,197,000 after buying an additional 971,187 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Dollar General Corp. during the second quarter valued at about $62,928,000. AXA increased its stake in shares of Dollar General Corp. by 482.2% in the second quarter. AXA now owns 797,600 shares of the company’s stock valued at $74,975,000 after buying an additional 660,600 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Dollar General Corp. by 2,084.2% in the second quarter. PNC Financial Services Group Inc. now owns 656,779 shares of the company’s stock valued at $61,737,000 after buying an additional 626,709 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.
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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