BMO Capital Markets set a $85.00 price objective on Dollar General Corporation (NYSE:DG) in a report issued on Tuesday, August 22nd. The firm currently has a hold rating on the stock.
Several other research analysts also recently issued reports on the stock. Sanford C. Bernstein reiterated an outperform rating and issued a $88.00 target price on shares of Dollar General Corporation in a research note on Wednesday, May 17th. Zacks Investment Research upgraded shares of Dollar General Corporation from a hold rating to a buy rating and set a $83.00 price objective on the stock in a research report on Friday, June 9th. BidaskClub downgraded shares of Dollar General Corporation from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Buckingham Research restated a neutral rating and set a $75.00 price objective on shares of Dollar General Corporation in a research report on Monday, August 7th. Finally, Barclays PLC restated a hold rating and set a $76.00 price objective on shares of Dollar General Corporation in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $80.84.
Dollar General Corporation (NYSE:DG) traded up 1.25% on Tuesday, reaching $75.29. The company’s stock had a trading volume of 2,536,930 shares. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The company has a market cap of $20.65 billion, a P/E ratio of 17.02 and a beta of 0.94. The stock’s 50 day moving average price is $74.87 and its 200 day moving average price is $72.75.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Equities research analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current year.
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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 paid a dividend of $0.26 per share. The ex-dividend date is Friday, October 6th. This represents a $1.04 annualized dividend and a yield of 1.38%. Dollar General Corporation’s payout ratio is 23.48%.
A number of institutional investors and hedge funds have recently bought and sold shares of DG. Creative Planning grew its stake in Dollar General Corporation by 34.6% during the first quarter. Creative Planning now owns 7,168 shares of the company’s stock valued at $500,000 after acquiring an additional 1,843 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Dollar General Corporation during the first quarter valued at $314,000. DnB Asset Management AS grew its stake in Dollar General Corporation by 20.1% during the first quarter. DnB Asset Management AS now owns 31,013 shares of the company’s stock valued at $2,163,000 after acquiring an additional 5,200 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Dollar General Corporation by 8.8% during the first quarter. Nisa Investment Advisors LLC now owns 19,390 shares of the company’s stock valued at $1,352,000 after acquiring an additional 1,570 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new position in Dollar General Corporation during the first quarter valued at $718,000. 90.29% of the stock is owned by institutional investors.
About Dollar General Corporation
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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