Dollar General Corporation (DG) Receives Average Recommendation of “Hold” from Analysts
Shares of Dollar General Corporation (NYSE:DG) have been given an average recommendation of “Hold” by the twenty-four research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $80.97.
DG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, August 28th. BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Bank of America Corporation reiterated a “buy” rating and issued a $90.00 price target on shares of Dollar General Corporation in a research report on Friday, August 25th. Citigroup Inc. increased their price target on shares of Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $85.00 price target on shares of Dollar General Corporation in a research report on Friday, September 29th.
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In related news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Veritable L.P. grew its holdings in shares of Dollar General Corporation by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after purchasing an additional 35 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Dollar General Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after purchasing an additional 53 shares during the last quarter. Alpha Windward LLC grew its holdings in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.
Shares of Dollar General Corporation (NYSE DG) opened at 84.10 on Wednesday. The company has a market capitalization of $22.98 billion, a P/E ratio of 19.05 and a beta of 0.96. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $84.86. The company has a 50 day moving average of $79.68 and a 200-day moving average of $74.70.
Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Corporation will post $4.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
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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