Dollar General Corporation (DG) Receives Average Recommendation of “Hold” from Analysts
Dollar General Corporation (NYSE:DG) has received a consensus rating of “Hold” from the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $81.45.
A number of equities research analysts have commented on DG shares. BidaskClub upgraded shares of Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research restated a “neutral” rating and set a $75.00 target price on shares of Dollar General Corporation in a research note on Monday, August 7th. BMO Capital Markets set a $85.00 target price on shares of Dollar General Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Loop Capital restated a “hold” rating and set a $76.00 target price on shares of Dollar General Corporation in a research note on Thursday, August 24th.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DG. Gateway Investment Advisers LLC boosted its stake in Dollar General Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after buying an additional 53 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Dollar General Corporation by 4.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 64,768 shares of the company’s stock worth $4,669,000 after buying an additional 3,000 shares during the period. LS Investment Advisors LLC boosted its stake in Dollar General Corporation by 4.4% during the second quarter. LS Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $581,000 after buying an additional 340 shares during the period. Alpha Windward LLC boosted its stake in Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after buying an additional 56 shares during the period. Finally, Aperio Group LLC boosted its stake in Dollar General Corporation by 33.4% during the second quarter. Aperio Group LLC now owns 120,014 shares of the company’s stock worth $8,652,000 after buying an additional 30,043 shares during the period. 89.31% of the stock is owned by institutional investors.
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Shares of Dollar General Corporation (NYSE DG) opened at $85.50 on Friday. Dollar General Corporation has a one year low of $65.97 and a one year high of $85.52. The company has a market cap of $23,363.64, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.
Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. equities analysts forecast that Dollar General Corporation will post 4.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s payout ratio is 23.48%.
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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