Dollar General Corp. (NYSE:DG)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a note issued to investors on Friday. They presently have a $101.00 price objective on the stock, up from their previous price objective of $97.00. Jefferies Group’s price target would suggest a potential upside of 14.76% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Barclays reaffirmed a “hold” rating on shares of Dollar General Corp. in a research report on Saturday, March 12th. RBC Capital raised their target price on shares of Dollar General Corp. from $91.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday. Telsey Advisory Group raised their target price on shares of Dollar General Corp. from $89.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday. Credit Suisse raised their target price on shares of Dollar General Corp. from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of Dollar General Corp. from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Monday, May 2nd. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar General Corp. has an average rating of “Buy” and a consensus price target of $92.71.
In other Dollar General Corp. news, EVP John W. Flanigan sold 35,196 shares of Dollar General Corp. stock in a transaction on Friday, April 8th. The shares were sold at an average price of $82.17, for a total value of $2,892,055.32. Following the completion of the transaction, the executive vice president now owns 26,583 shares of the company’s stock, valued at $2,184,325.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rhonda Taylor sold 1,206 shares of Dollar General Corp. stock in a transaction on Friday, April 1st. The shares were sold at an average price of $86.90, for a total transaction of $104,801.40. Following the completion of the transaction, the executive vice president now directly owns 11,899 shares of the company’s stock, valued at approximately $1,034,023.10. The disclosure for this sale can be found here.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.74% during mid-day trading on Friday, hitting $88.66. The company had a trading volume of 393,220 shares. The company has a market capitalization of $25.40 billion and a PE ratio of 22.45. Dollar General Corp. has a one year low of $59.75 and a one year high of $89.70. The company’s 50-day moving average is $82.82 and its 200 day moving average is $75.76.
Dollar General Corp. (NYSE:DG) last issued its earnings results on Thursday, May 26th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.08. The company had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.28 billion. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. On average, equities research analysts forecast that Dollar General Corp. will post $4.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Investors of record on Wednesday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%.
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.
