BMO Capital Markets Reiterates “$85.00” Price Target for Dollar General Corporation (DG)

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.

TRADEMARK VIOLATION NOTICE: This story was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.truebluetribune.com/2017/09/07/dollar-general-corporation-dg-given-a-85-00-price-target-by-bmo-capital-markets-analysts.html.

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.

Analyst Recommendations for Dollar General Corporation (NYSE:DG)

Receive News & Ratings for Dollar General Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dollar General Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eight + nine =