Credit Suisse Group AG Analysts Give Dollar General Corp. (DG) a $70.00 Price Target
Dollar General Corp. (NYSE:DG) has been given a $70.00 price objective by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Wednesday. The brokerage presently has a a “hold” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 2.87% from the company’s current price.
Several other analysts also recently issued reports on DG. JPMorgan Chase & Co. reissued a “buy” rating on shares of Dollar General Corp. in a research note on Friday, June 10th. Zacks Investment Research raised shares of Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. Morgan Stanley upped their price target on shares of Dollar General Corp. from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday, July 18th. Deutsche Bank AG downgraded shares of Dollar General Corp. from a “buy” rating to a “hold” rating and upped their price target for the stock from $95.00 to $99.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Finally, Jefferies Group downgraded shares of Dollar General Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $101.00 to $96.00 in a research note on Monday, August 15th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.71.
Shares of Dollar General Corp. (NYSE:DG) traded down 1.021% on Wednesday, hitting $67.355. The company’s stock had a trading volume of 2,449,697 shares. The stock’s 50 day moving average price is $75.87 and its 200 day moving average price is $85.21. Dollar General Corp. has a 52 week low of $59.75 and a 52 week high of $96.88. The stock has a market capitalization of $18.98 billion, a P/E ratio of 15.752 and a beta of 0.74.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm earned $0.95 earnings per share. Dollar General Corp.’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts forecast that Dollar General Corp. will post $4.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. Dollar General Corp.’s payout ratio is 23.42%.
In other Dollar General Corp. news, Director Michael M. Calbert purchased 13,000 shares of the stock in a transaction on Tuesday, August 30th. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William C. Rhodes III purchased 5,000 shares of the stock in a transaction on Friday, August 26th. The stock was acquired at an average price of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its stake in shares of Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock valued at $106,000 after buying an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dollar General Corp. by 45.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $175,000 after buying an additional 579 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Dollar General Corp. during the second quarter valued at about $200,000. Burns J W & Co. Inc. NY acquired a new stake in shares of Dollar General Corp. during the second quarter valued at about $203,000. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Dollar General Corp. during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
About Dollar General Corp.
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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