Dollar General Corporation (DG) Given New $90.00 Price Target at Citigroup Inc.
Dollar General Corporation (NYSE:DG) had its price target lifted by Citigroup Inc. from $87.00 to $90.00 in a research report sent to investors on Wednesday, MarketBeat reports. They currently have a buy rating on the stock.
A number of other research analysts have also weighed in on the company. Sanford C. Bernstein reaffirmed an outperform rating and set a $88.00 price objective on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Zacks Investment Research raised Dollar General Corporation from a sell rating to a hold rating in a research report on Wednesday, May 24th. BidaskClub raised Dollar General Corporation from a strong sell rating to a sell rating in a research report on Monday, July 24th. Deutsche Bank AG reaffirmed a hold rating and set a $79.00 price objective (up previously from $78.00) on shares of Dollar General Corporation in a research report on Saturday, June 3rd. Finally, Bank of America Corporation reaffirmed a buy rating and set a $90.00 price objective on shares of Dollar General Corporation in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $80.59.
Dollar General Corporation (NYSE DG) opened at 77.60 on Wednesday. The stock has a market cap of $21.20 billion, a PE ratio of 17.58 and a beta of 0.94. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The company’s 50 day moving average price is $75.65 and its 200 day moving average price is $72.80.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts forecast that Dollar General Corporation will post $4.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.04 annualized dividend and a yield of 1.34%. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
In related news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its position in Dollar General Corporation by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after purchasing an additional 1,817 shares in the last quarter. Alpha Windward LLC lifted its position in Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after purchasing an additional 56 shares in the last quarter. Huntington National Bank lifted its position in Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after purchasing an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares in the last quarter. Finally, Welch Group LLC lifted its position in Dollar General Corporation by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 90.61% of the company’s stock.
Dollar General Corporation 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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