Dollar General Corporation’s (DG) neutral Rating Reaffirmed at Bank of America
Dollar General Corporation (NYSE:DG)‘s stock had its “neutral” rating reissued by stock analysts at Bank of America in a note issued to investors on Friday.
Other analysts have also recently issued research reports about the stock. Vetr cut shares of Dollar General Corporation from a “strong-buy” rating to a “buy” rating and set a $80.38 price objective for the company. in a research report on Thursday, November 10th. Guggenheim reaffirmed a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a research note on Tuesday, November 29th. Buckingham Research reaffirmed a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a research note on Tuesday, November 29th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $77.00 target price (down from $84.00) on shares of Dollar General Corporation in a research note on Wednesday, October 12th. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $80.00 target price on shares of Dollar General Corporation in a research note on Thursday, January 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $87.75.
Dollar General Corporation (NYSE:DG) traded down 0.292% during trading on Friday, hitting $73.375. The stock had a trading volume of 772,543 shares. The stock has a 50 day moving average price of $75.67 and a 200 day moving average price of $79.06. Dollar General Corporation has a 12-month low of $66.50 and a 12-month high of $96.88. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 17.212 and a beta of 0.84.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, December 1st. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.04. Dollar General Corporation had a net margin of 5.70% and a return on equity of 22.79%. The firm earned $5.32 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the prior year, the company earned $0.88 EPS. Dollar General Corporation’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that Dollar General Corporation will post $4.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Dollar General Corporation’s dividend payout ratio (DPR) is 23.53%.
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In related news, EVP Robert D. Ravener sold 6,376 shares of Dollar General Corporation stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $77.32, for a total value of $492,992.32. Following the transaction, the executive vice president now directly owns 18,174 shares of the company’s stock, valued at $1,405,213.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PGGM Investments boosted its position in shares of Dollar General Corporation by 2.3% in the second quarter. PGGM Investments now owns 415,692 shares of the company’s stock worth $39,075,000 after buying an additional 9,425 shares during the period. British Airways Pensions Investment Management Ltd raised its stake in shares of Dollar General Corporation by 27.1% in the second quarter. British Airways Pensions Investment Management Ltd now owns 340,740 shares of the company’s stock worth $32,157,000 after buying an additional 72,740 shares in the last quarter. Genesee Valley Trust Co. bought a new stake in shares of Dollar General Corporation during the second quarter worth $213,000. HL Financial Services LLC raised its stake in shares of Dollar General Corporation by 6.5% in the second quarter. HL Financial Services LLC now owns 73,741 shares of the company’s stock worth $6,932,000 after buying an additional 4,500 shares in the last quarter. Finally, Coyle Financial Counsel LLC bought a new stake in shares of Dollar General Corporation during the second quarter worth $1,485,000. 84.63% of the stock is currently owned by institutional investors and hedge funds.
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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