Dollar General Corp. (DG) Stock Price Down 2.5%
Dollar General Corp. (NYSE:DG) dropped 2.5% during mid-day trading on Tuesday . The stock traded as low as $75.46 and last traded at $75.52, with a volume of 2,991,807 shares changing hands. The stock had previously closed at $77.49.
DG has been the subject of several research reports. MKM Partners reaffirmed a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a report on Thursday, August 25th. Royal Bank Of Canada raised their price target on Dollar General Corp. from $90.00 to $103.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley reaffirmed a “buy” rating on shares of Dollar General Corp. in a report on Sunday. Jefferies Group downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and cut their price target for the company from $101.00 to $96.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Finally, Macquarie cut their price target on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Dollar General Corp. presently has a consensus rating of “Buy” and a consensus price target of $91.65.
The company has a market cap of $21.31 billion and a P/E ratio of 17.69. The company has a 50-day moving average price of $91.61 and a 200-day moving average price of $86.32.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.01. The company earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the firm posted $0.95 EPS. Dollar General Corp.’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that Dollar General Corp. will post $4.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 12th. This represents a $1.00 annualized dividend and a yield of 1.32%.
In other Dollar General Corp. news, CAO Anita C. Elliott sold 2,947 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $91.11, for a total value of $268,501.17. Following the completion of the sale, the chief accounting officer now owns 15,572 shares in the company, valued at approximately $1,418,764.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was 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.
An institutional investor recently raised its position in Dollar General Corp. stock. Ameriprise Financial Inc. raised its stake in Dollar General Corp. (NYSE:DG) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 998,497 shares of the company’s stock after buying an additional 130,896 shares during the period. Ameriprise Financial Inc. owned 0.34% of Dollar General Corp. worth $71,769,000 at the end of the most recent quarter.
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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