Dollar General Corp. (DG) Sets New 1-Year High at $94.93
Dollar General Corp. (NYSE:DG)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $94.93 and last traded at $94.90, with a volume of 647,986 shares. The stock had previously closed at $94.04.
DG has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Dollar General Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Goldman Sachs Group Inc. increased their price target on Dollar General Corp. from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, March 28th. Macquarie increased their price target on Dollar General Corp. from $82.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 4th. MKM Partners increased their price target on Dollar General Corp. from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, March 28th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target (up from $84.00) on shares of Dollar General Corp. in a research note on Thursday, March 31st. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $95.62.
The company has a 50-day moving average of $92.31 and a 200-day moving average of $82.32. The firm has a market cap of $26.97 billion and a PE ratio of 22.93.
Dollar General Corp. (NYSE:DG) last released its earnings results on Thursday, May 26th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the firm posted $0.84 EPS. Dollar General Corp.’s revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Dollar General Corp. will post $4.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Monday, June 13th.
In other Dollar General Corp. news, CAO Anita C. Elliott sold 2,947 shares of Dollar General Corp. stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $91.11, for a total transaction of $268,501.17. Following the completion of the sale, the chief accounting officer now owns 15,572 shares of the company’s stock, valued at approximately $1,418,764.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Several institutional investors have recently made changes to their positions in DG. Westfield Capital Management Co. LP raised its position in shares of Dollar General Corp. by 8.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 443,210 shares of the company’s stock valued at $31,854,000 after buying an additional 35,442 shares during the period. Nicholas Co. Inc. WI purchased a new position in shares of Dollar General Corp. during the fourth quarter valued at about $21,790,000. KBC Group NV raised its position in shares of Dollar General Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 97,624 shares of the company’s stock valued at $7,016,000 after buying an additional 4,731 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Dollar General Corp. by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 28,879 shares of the company’s stock valued at $2,076,000 after buying an additional 537 shares during the period. Finally, Gluskin Sheff & Assoc Inc. purchased a new position in shares of Dollar General Corp. during the fourth quarter valued at about $1,638,000.
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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