Dollar General Corporation (DG) Shares Gap Down to $72.56
Shares of Dollar General Corporation (NYSE:DG) gapped down before the market opened on Friday . The stock had previously closed at $72.62, but opened at $72.56. Dollar General Corporation shares last traded at $72.20, with a volume of 2,076,225 shares.
A number of analysts recently issued reports on the stock. Deutsche Bank AG reissued a “hold” rating and set a $79.00 target price on shares of Dollar General Corporation in a research report on Friday. Jefferies Group LLC increased their target price on shares of Dollar General Corporation from $68.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Bank of America Corporation reissued a “buy” rating and set a $90.00 target price on shares of Dollar General Corporation in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.84.
The firm has a market capitalization of $19.89 billion, a P/E ratio of 16.40 and a beta of 0.94. The company’s 50-day moving average is $74.57 and its 200-day moving average is $72.84.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. On average, equities analysts anticipate that Dollar General Corporation will post $4.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
A number of hedge funds and other institutional investors have recently modified their holdings of DG. Toronto Dominion Bank increased its position in shares of Dollar General Corporation by 47.8% in the first quarter. Toronto Dominion Bank now owns 76,962 shares of the company’s stock valued at $5,368,000 after buying an additional 24,874 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Dollar General Corporation during the first quarter valued at approximately $290,000. Condor Capital Management increased its position in shares of Dollar General Corporation by 1.1% in the first quarter. Condor Capital Management now owns 14,166 shares of the company’s stock valued at $988,000 after buying an additional 161 shares in the last quarter. Thornburg Investment Management Inc. acquired a new position in shares of Dollar General Corporation during the first quarter valued at approximately $9,442,000. Finally, Tricadia Capital Management LLC increased its position in shares of Dollar General Corporation by 10.0% in the first quarter. Tricadia Capital Management LLC now owns 88,000 shares of the company’s stock valued at $6,136,000 after buying an additional 8,000 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.
About Dollar General Corporation
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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