Dollar General Corp. (DG) Stock Price Down 1.5%
Dollar General Corp. (NYSE:DG) dropped 1.5% during trading on Tuesday . The company traded as low as $92.57 and last traded at $92.87, with a volume of 1,465,495 shares changing hands. The stock had previously closed at $94.24.
Several research firms have recently issued reports on DG. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Tuesday, March 15th. Morgan Stanley reaffirmed a “buy” rating and set a $95.00 price target on shares of Dollar General Corp. in a research note on Wednesday, March 23rd. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $90.00 price target on shares of Dollar General Corp. in a research note on Thursday, March 24th. Deutsche Bank AG lifted their price target on Dollar General Corp. from $84.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, March 25th. Finally, Stifel Nicolaus reaffirmed 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. Two 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of $95.29.
The firm has a 50-day moving average price of $91.01 and a 200-day moving average price of $81.39. The company has a market capitalization of $26.40 billion and a PE ratio of 22.45.
Dollar General Corp. (NYSE:DG) last announced its quarterly earnings data on Thursday, May 26th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.08. The business earned $5.27 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar General Corp.’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, equities analysts forecast that Dollar General Corp. will post $4.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, June 13th.
In other Dollar General Corp. news, CAO Anita C. Elliott sold 2,947 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $91.11, for a total value of $268,501.17. Following the sale, the chief accounting officer now owns 15,572 shares in the company, valued at $1,418,764.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Other large investors have recently bought and sold shares of the company. OppenheimerFunds Inc. purchased a new stake in Dollar General Corp. during the fourth quarter worth approximately $1,046,000. Turner Investments L.P. boosted its stake in Dollar General Corp. by 36.8% in the fourth quarter. Turner Investments L.P. now owns 16,000 shares of the company’s stock worth $1,150,000 after buying an additional 4,300 shares during the last quarter. Pitcairn Co. purchased a new stake in Dollar General Corp. during the fourth quarter worth approximately $1,239,000. Amica Mutual Insurance Co. purchased a new stake in Dollar General Corp. during the fourth quarter worth approximately $1,371,000. Finally, Tredje AP fonden boosted its stake in Dollar General Corp. by 2.2% in the fourth quarter. Tredje AP fonden now owns 19,187 shares of the company’s stock worth $1,383,000 after buying an additional 407 shares during the last 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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