Dollar General Corp. (DG) Reaches New 52-Week High at $94.68
Dollar General Corp. (NYSE:DG) reached a new 52-week high on Wednesday . The company traded as high as $94.68 and last traded at $94.11, with a volume of 954,172 shares. The stock had previously closed at $93.60.
A number of equities research analysts have weighed in on DG shares. Goldman Sachs Group Inc. lifted their price target on shares of Dollar General Corp. from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, March 28th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Dollar General Corp. in a research note on Monday, March 28th. Deutsche Bank AG lifted their price target on shares of Dollar General Corp. from $84.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, March 25th. Citigroup Inc. lifted their price target on shares of Dollar General Corp. from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Sunday, March 13th. Finally, Morgan Stanley reiterated a “buy” rating and set a $95.00 price target on shares of Dollar General Corp. in a research note on Wednesday, March 23rd. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Dollar General Corp. presently has a consensus rating of “Buy” and a consensus target price of $95.29.
The firm has a market capitalization of $26.61 billion and a price-to-earnings ratio of 22.62. The stock’s 50-day moving average is $90.28 and its 200 day moving average is $80.93.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, May 26th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The business earned $5.27 billion during the quarter, compared to analyst estimates of $5.28 billion. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. Equities research analysts anticipate that Dollar General Corp. will post $4.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, June 13th.
In related news, CAO Anita C. Elliott sold 2,947 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $91.11, for a total value of $268,501.17. Following the sale, the chief accounting officer now directly owns 15,572 shares of the company’s stock, valued at $1,418,764.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds have added to or reduced their stakes in the stock. Strs Ohio raised its stake in Dollar General Corp. by 7.1% in the fourth quarter. Strs Ohio now owns 21,442 shares of the company’s stock valued at $1,541,000 after buying an additional 1,429 shares during the period. TD Asset Management Inc. raised its stake in Dollar General Corp. by 10.5% in the fourth quarter. TD Asset Management Inc. now owns 268,674 shares of the company’s stock valued at $19,310,000 after buying an additional 25,600 shares during the period. Daiwa Securities Group Inc. raised its stake in Dollar General Corp. by 18.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,600 shares of the company’s stock valued at $1,409,000 after buying an additional 3,000 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Dollar General Corp. by 99.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 19,647 shares of the company’s stock valued at $1,412,000 after buying an additional 9,807 shares during the period. Finally, ProShare Advisors LLC raised its stake in Dollar General Corp. by 3.8% in the fourth quarter. ProShare Advisors LLC now owns 46,458 shares of the company’s stock valued at $3,339,000 after buying an additional 1,720 shares during the 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.