Dollar General Corp. (DG) Rating Reiterated by Deutsche Bank AG
Dollar General Corp. (NYSE:DG)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a report issued on Wednesday. They currently have a $77.00 price objective on the stock, down from their previous price objective of $84.00. Deutsche Bank AG’s price objective suggests a potential upside of 12.08% from the company’s previous close.
Several other analysts have also recently commented on DG. Johnson Rice cut shares of Dollar General Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, August 26th. Zacks Investment Research upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, July 5th. MKM Partners restated a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a report on Thursday, August 25th. Morgan Stanley restated a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a report on Sunday, August 28th. Finally, Citigroup Inc. raised their price target on shares of Dollar General Corp. from $89.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.42.
Dollar General Corp. (NYSE:DG) traded up 0.52% during midday trading on Wednesday, reaching $69.06. 2,190,358 shares of the company were exchanged. The firm has a market cap of $19.46 billion, a P/E ratio of 16.15 and a beta of 0.74. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88. The firm’s 50-day moving average is $72.73 and its 200-day moving average is $84.65.
Dollar General Corp. (NYSE:DG) last released its earnings results on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.01. The firm earned $5.39 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. On average, equities analysts expect that Dollar General Corp. will post $4.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were paid a $0.25 dividend. The ex-dividend date was Monday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
In related news, Director Michael M. Calbert purchased 13,000 shares of Dollar General Corp. stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average price of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William C. Rhodes III purchased 5,000 shares of Dollar General Corp. stock in a transaction that occurred on Friday, August 26th. The shares were bought 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. 0.22% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Loomis Sayles & Co. L P increased its position in shares of Dollar General Corp. by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 302,608 shares of the company’s stock valued at $25,903,000 after buying an additional 2,371 shares during the period. Nicholas Investment Partners LP bought a new position in shares of Dollar General Corp. during the first quarter valued at about $4,158,000. Riverhead Capital Management LLC increased its position in shares of Dollar General Corp. by 65.7% in the first quarter. Riverhead Capital Management LLC now owns 447,817 shares of the company’s stock valued at $38,334,000 after buying an additional 177,548 shares during the period. AXA increased its position in shares of Dollar General Corp. by 4.4% in the first quarter. AXA now owns 137,000 shares of the company’s stock valued at $11,727,000 after buying an additional 5,800 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of Dollar General Corp. by 1.7% in the first quarter. Pictet Asset Management Ltd. now owns 189,944 shares of the company’s stock valued at $14,103,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.
Dollar General Corp. 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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