Dollar General Corp. (DG) Price Target Cut to $85.00
Dollar General Corp. (NYSE:DG) had its price target decreased by equities researchers at Guggenheim to $85.00 in a note issued to investors on Friday. Guggenheim’s price objective points to a potential upside of 18.72% from the stock’s previous close.
A number of other research analysts also recently issued reports on DG. Zacks Investment Research upgraded shares of Dollar General Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Vetr downgraded shares of Dollar General Corp. from a “buy” rating to a “hold” rating and set a $80.38 price objective for the company. in a research report on Tuesday, November 22nd. Buckingham Research restated a “buy” rating and set a $90.00 price objective on shares of Dollar General Corp. in a research report on Tuesday, November 29th. JPMorgan Chase & Co. reduced their price objective on shares of Dollar General Corp. from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, November 30th. Finally, Telsey Advisory Group reduced their price objective on shares of Dollar General Corp. from $84.00 to $78.00 and set a “market perform” rating for the company in a research report on Friday, December 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $85.51.
Shares of Dollar General Corp. (NYSE:DG) opened at 71.60 on Friday. Dollar General Corp. has a 1-year low of $66.50 and a 1-year high of $96.88. The stock has a 50 day moving average of $74.30 and a 200-day moving average of $73.14. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 16.80 and a beta of 0.84.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, March 16th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. The company earned $6.01 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Equities analysts anticipate that Dollar General Corp. will post $4.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 11th will be paid a $0.26 dividend. This is a boost from Dollar General Corp.’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, April 7th. Dollar General Corp.’s payout ratio is currently 23.53%.
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A number of institutional investors have recently made changes to their positions in DG. State Street Corp boosted its position in shares of Dollar General Corp. by 1.6% in the fourth quarter. State Street Corp now owns 12,561,359 shares of the company’s stock valued at $930,748,000 after buying an additional 198,128 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Dollar General Corp. by 34.7% in the fourth quarter. Janus Capital Management LLC now owns 4,024,301 shares of the company’s stock valued at $298,080,000 after buying an additional 1,036,189 shares in the last quarter. Capital International Investors purchased a new position in shares of Dollar General Corp. during the third quarter valued at about $279,400,000. Polen Capital Management LLC boosted its position in shares of Dollar General Corp. by 120.1% in the fourth quarter. Polen Capital Management LLC now owns 3,903,635 shares of the company’s stock valued at $289,142,000 after buying an additional 2,129,904 shares in the last quarter. Finally, CAM Group Holding A S boosted its position in shares of Dollar General Corp. by 3.4% in the third quarter. CAM Group Holding A S now owns 3,699,084 shares of the company’s stock valued at $258,899,000 after buying an additional 122,380 shares in the last quarter. 81.93% of the stock is currently owned by institutional investors.
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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