Citigroup Inc. Raises Dollar General Corporation (DG) Price Target to $90.00
Dollar General Corporation (NYSE:DG) had its price objective raised by Citigroup Inc. from $87.00 to $90.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have a buy rating on the stock.
Several other research firms have also commented on DG. BidaskClub upgraded shares of Dollar General Corporation from a hold rating to a buy rating in a research report on Friday, August 25th. Deutsche Bank AG reiterated a hold rating and issued a $79.00 price target (up from $78.00) on shares of Dollar General Corporation in a research report on Saturday, June 3rd. Jefferies Group LLC reiterated a hold rating and issued a $68.00 price target on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Zacks Investment Research lowered shares of Dollar General Corporation from a buy rating to a hold rating in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada increased their price target on shares of Dollar General Corporation from $81.00 to $85.00 and gave the company an outperform rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $80.59.
Dollar General Corporation (NYSE DG) opened at 77.60 on Wednesday. The stock’s 50 day moving average price is $75.65 and its 200 day moving average price is $72.80. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67. The firm has a market capitalization of $21.20 billion, a PE ratio of 17.58 and a beta of 0.94.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. Analysts expect that Dollar General Corporation will post $4.51 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Aldebaran Financial Inc. raised its stake in shares of Dollar General Corporation by 5.2% in the 2nd quarter. Aldebaran Financial Inc. now owns 19,077 shares of the company’s stock valued at $1,375,000 after acquiring an additional 951 shares during the period. Sentry Investment Management LLC raised its stake in shares of Dollar General Corporation by 3.2% in the 2nd quarter. Sentry Investment Management LLC now owns 17,640 shares of the company’s stock valued at $1,272,000 after acquiring an additional 555 shares during the period. Toronto Dominion Bank raised its stake in shares of Dollar General Corporation by 22.1% in the 2nd quarter. Toronto Dominion Bank now owns 93,967 shares of the company’s stock valued at $6,774,000 after acquiring an additional 17,005 shares during the period. Rikoon Group LLC raised its stake in shares of Dollar General Corporation by 131.1% in the 2nd quarter. Rikoon Group LLC now owns 10,338 shares of the company’s stock valued at $745,000 after acquiring an additional 5,864 shares during the period. Finally, Tandem Investment Advisors Inc. purchased a new position in shares of Dollar General Corporation in the 2nd quarter valued at $1,816,000. 90.61% of the stock is currently owned by institutional investors and hedge funds.
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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