Argus Reiterates Hold Rating for Dollar General (DG)
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Dollar General from a buy rating to a hold rating in a research note on Monday, December 11th. Deutsche Bank raised shares of Dollar General from a hold rating to a buy rating and increased their price target for the stock from $79.00 to $93.00 in a research note on Wednesday, November 15th. Goldman Sachs Group reissued a neutral rating and issued a $89.00 price target on shares of Dollar General in a research note on Tuesday, November 14th. Wolfe Research raised shares of Dollar General from an underperform rating to an outperform rating in a research note on Wednesday, December 20th. Finally, MKM Partners increased their price target on shares of Dollar General to $96.00 and gave the stock a buy rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $91.98.
Shares of Dollar General (NYSE DG) traded down $0.41 during trading hours on Thursday, hitting $94.69. 1,468,804 shares of the stock traded hands, compared to its average volume of 2,288,033. The company has a market capitalization of $25,730.00, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General has a 52-week low of $65.97 and a 52-week high of $105.82.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is presently 23.06%.
In other news, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares in the company, valued at $1,389,422.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $2,097,320.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,916 shares of company stock worth $1,924,881. Corporate insiders own 0.22% of the company’s stock.
Several large investors have recently bought and sold shares of DG. QS Investors LLC grew its holdings in shares of Dollar General by 16.1% during the second quarter. QS Investors LLC now owns 10,294 shares of the company’s stock valued at $742,000 after buying an additional 1,425 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Dollar General by 8.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 73,206 shares of the company’s stock valued at $5,278,000 after purchasing an additional 5,987 shares during the period. DF Dent & Co. Inc. bought a new position in Dollar General during the second quarter valued at approximately $207,000. Nomura Holdings Inc. lifted its position in Dollar General by 221.9% during the second quarter. Nomura Holdings Inc. now owns 19,941 shares of the company’s stock valued at $1,438,000 after purchasing an additional 13,747 shares during the period. Finally, Scotia Capital Inc. lifted its position in Dollar General by 118.1% during the second quarter. Scotia Capital Inc. now owns 22,960 shares of the company’s stock valued at $1,655,000 after purchasing an additional 12,434 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Dollar General Company Profile
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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