Dollar General Corp. (DG) Shares Down 2.5%
Dollar General Corp. (NYSE:DG) shares traded down 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 traded. The stock had previously closed at $77.49.
Several research analysts recently issued reports on the company. Telsey Advisory Group restated a “buy” rating on shares of Dollar General Corp. in a research report on Sunday, May 29th. BTIG Research assumed coverage on Dollar General Corp. in a research report on Wednesday, June 1st. They set a “buy” rating and a $105.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating on shares of Dollar General Corp. in a research report on Sunday, May 29th. Bank of America Corp. upgraded Dollar General Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $100.00 in a research report on Wednesday, May 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Dollar General Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Dollar General Corp. presently has an average rating of “Buy” and an average target price of $91.08.
The firm has a 50 day moving average price of $90.62 and a 200 day moving average price of $86.15. The firm has a market capitalization of $20.83 billion and a PE ratio of 17.29.
Dollar General Corp. (NYSE:DG) last issued its earnings results 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. During the same quarter in the prior year, the business posted $0.95 EPS. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Dollar General Corp. will post $4.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders 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 dividend yield of 1.36%.
In other news, Director William C. Rhodes III purchased 5,000 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anita C. Elliott sold 2,947 shares of Dollar General Corp. stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $91.11, for a total transaction of $268,501.17. Following the transaction, the chief accounting officer now directly owns 15,572 shares of the company’s stock, valued at $1,418,764.92. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Dollar General Corp. stock. Ameriprise Financial Inc. increased its position in Dollar General Corp. (NYSE:DG) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 998,497 shares of the company’s stock after buying an additional 130,896 shares during the period. Ameriprise Financial Inc. owned about 0.34% of Dollar General Corp. worth $71,769,000 at the end of the most recent reporting period.
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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