BMO Capital Markets Analysts Give Dollar General (DG) a $102.00 Price Target
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Dollar General from a hold rating to a buy rating and set a $87.00 price target for the company in a report on Monday, August 28th. BidaskClub upgraded shares of Dollar General from a hold rating to a buy rating in a report on Friday, August 25th. Bank of America reiterated a buy rating and set a $90.00 price target on shares of Dollar General in a report on Friday, August 25th. Royal Bank of Canada reiterated a buy rating and set a $85.00 price target on shares of Dollar General in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies reiterated a buy rating and set a $85.00 price target on shares of Dollar General in a report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Dollar General currently has a consensus rating of Hold and a consensus target price of $85.54.
Dollar General (NYSE:DG) opened at $93.35 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General has a twelve month low of $65.97 and a twelve month high of $96.60. The firm has a market cap of $25,358.61, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. equities research analysts anticipate that Dollar General will post 4.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a $0.26 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. Dollar General’s dividend payout ratio is presently 23.01%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its position in Dollar General 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 buying an additional 1,817 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Dollar General 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 buying an additional 48 shares in the last quarter. Welch Group LLC lifted its position in Dollar General 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 buying an additional 483 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after buying an additional 2,295 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in Dollar General during the third quarter valued at approximately $195,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.
Dollar General 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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