Dollar General Corporation (DG) Given New $96.00 Price Target at MKM Partners
Several other research analysts also recently issued reports on DG. BidaskClub raised Dollar General Corporation from a strong sell rating to a sell rating in a research note on Monday, July 24th. Buckingham Research reissued a neutral rating and set a $75.00 target price on shares of Dollar General Corporation in a research report on Monday, August 7th. BMO Capital Markets set a $85.00 target price on shares of Dollar General Corporation and gave the company a hold rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Dollar General Corporation from a buy rating to a hold rating in a research report on Wednesday, August 23rd. Finally, Loop Capital reissued a hold rating and set a $76.00 target price on shares of Dollar General Corporation in a research report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $81.54.
Dollar General Corporation (NYSE DG) opened at $87.23 on Monday. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $88.13. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $23,836.38, a P/E ratio of 19.34, a PEG ratio of 1.72 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $5.80 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. analysts expect that Dollar General Corporation will post 4.5 EPS for the current fiscal year.
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In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction that occurred 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 approximately $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Sun Life Financial INC boosted its holdings in shares of Dollar General Corporation by 18,170.0% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after buying an additional 1,817 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Dollar General Corporation by 4.0% during the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Dollar General Corporation by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after buying an additional 48 shares in the last quarter. Welch Group LLC boosted its holdings in shares of Dollar General Corporation by 27.1% during the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after buying an additional 483 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Dollar General Corporation by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares in the last quarter. Hedge funds and other institutional investors own 91.82% 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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