Deutsche Bank AG Reaffirms Buy Rating for Dollar General Corp. (DG)
Deutsche Bank AG restated their buy rating on shares of Dollar General Corp. (NYSE:DG) in a report issued on Wednesday. They currently have a $77.00 target price on the stock, down from their prior target price of $84.00.
Several other research analysts have also weighed in on DG. Johnson Rice lowered Dollar General Corp. from a buy rating to an accumulate rating in a research report on Friday, August 26th. Jefferies Group dropped their price target on Dollar General Corp. from $96.00 to $78.00 and set a hold rating on the stock in a research report on Friday, August 26th. RBC Capital Markets reissued an outperform rating and set a $90.00 price target (down from $103.00) on shares of Dollar General Corp. in a research report on Friday, August 26th. BMO Capital Markets lowered Dollar General Corp. from an outperform rating to a market perform rating and dropped their price target for the company from $95.00 to $78.00 in a research report on Friday, August 26th. Finally, Telsey Advisory Group lowered Dollar General Corp. from an outperform rating to a market perform rating and dropped their price target for the company from $102.00 to $84.00 in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $89.42.
Dollar General Corp. (NYSE:DG) opened at 68.49 on Wednesday. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 16.02 and a beta of 0.74. The company’s 50-day moving average price is $71.06 and its 200 day moving average price is $84.16. Dollar General Corp. has a 52-week low of $59.75 and a 52-week high of $96.88.
Dollar General Corp. (NYSE:DG) last posted its quarterly 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. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Equities research analysts predict that Dollar General Corp. will post $4.50 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were given 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 (DPR) is presently 23.42%.
In other Dollar General Corp. news, Director William C. Rhodes III purchased 5,000 shares of the company’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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael M. Calbert purchased 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $75.53 per share, with a total value of $981,890.00. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DG. Orbis Allan Gray Ltd acquired a new stake in Dollar General Corp. during the first quarter worth $195,087,000. FMR LLC boosted its stake in 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. purchased a new stake in Dollar General Corp. during the second quarter valued at approximately $62,928,000. AXA boosted its stake in 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. boosted its stake in 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. 85.36% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Dollar General Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp. and related companies with MarketBeat.com's FREE daily email newsletter.