Dollar General Corp. (DG) Shares Down 1.2%
Dollar General Corp. (NYSE:DG) dropped 1.2% during trading on Monday . The stock traded as low as $91.80 and last traded at $91.82, with a volume of 994,785 shares trading hands. The stock had previously closed at $92.91.
DG has been the subject of several analyst reports. Sterne Agee CRT reaffirmed a “buy” rating on shares of Dollar General Corp. in a report on Monday, May 16th. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Tuesday, May 17th. Jefferies Group reissued a “buy” rating and issued a $97.00 price objective on shares of Dollar General Corp. in a research note on Monday, May 16th. Bank of America Corp. raised Dollar General Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $100.00 in a research note on Wednesday, May 4th. They noted that the move was a valuation call. Finally, MKM Partners increased their price objective on Dollar General Corp. from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Dollar General Corp. presently has a consensus rating of “Buy” and a consensus price target of $95.57.
The stock has a market capitalization of $26.14 billion and a P/E ratio of 22.23. The company has a 50 day moving average price of $93.68 and a 200 day moving average price of $85.19.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, May 26th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The firm earned $5.27 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Dollar General Corp. will post $4.64 earnings per share for the current fiscal year.
In related news, CAO Anita C. Elliott sold 2,947 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $91.11, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other hedge funds recently added to or reduced their stakes in the company. Pacific Alternative Asset Management Company LLC raised its stake in Dollar General Corp. by 0.7% in the fourth quarter. Pacific Alternative Asset Management Company LLC now owns 49,127 shares of the company’s stock valued at $3,531,000 after buying an additional 337 shares during the last quarter. American International Group Inc. raised its stake in Dollar General Corp. by 1.4% in the fourth quarter. American International Group Inc. now owns 108,913 shares of the company’s stock valued at $7,828,000 after buying an additional 1,477 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in 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 last quarter. Nicholas Co. Inc. WI bought a new stake in Dollar General Corp. during the fourth quarter valued at about $21,790,000. Finally, KBC Group NV raised its stake in 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 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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