Dollar General Corporation (DG) Given “Neutral” Rating at Buckingham Research
Dollar General Corporation (NYSE:DG)‘s stock had its “neutral” rating reaffirmed by Buckingham Research in a research report issued on Monday. They presently have a $75.00 price objective on the stock. Buckingham Research’s price objective suggests a potential upside of 0.19% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, July 4th. Gordon Haskett raised Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research report on Thursday, June 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, June 6th. Royal Bank Of Canada raised their price objective on Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, June 2nd. Finally, Johnson Rice raised Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $80.89.
Shares of Dollar General Corporation (DG) traded up 0.53% on Monday, reaching $75.26. The company’s stock had a trading volume of 484,620 shares. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $94.75. The company’s 50 day moving average is $71.91 and its 200-day moving average is $72.44. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 17.02 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Dollar General Corporation will post $4.50 EPS for the current year.
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Several institutional investors have recently modified their holdings of DG. Alpha Windward LLC raised its position in shares of Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock valued at $129,000 after buying an additional 44 shares during the last quarter. Huntington National Bank raised its position in shares of Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of Dollar General Corporation by 7,109.3% in the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock valued at $150,000 after buying an additional 10,664 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Dollar General Corporation during the second quarter valued at about $202,000. Finally, Summit Securities Group LLC acquired a new position in shares of Dollar General Corporation during the second quarter valued at about $226,000. Institutional investors own 88.66% of the company’s stock.
Dollar General Corporation 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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