Dollar General Corporation (DG) Reaches New 1-Year High at $85.15
Dollar General Corporation (NYSE:DG)’s share price reached a new 52-week high on Friday . The company traded as high as $85.15 and last traded at $85.30, with a volume of 1539230 shares. The stock had previously closed at $84.91.
A number of equities analysts have weighed in on DG shares. BMO Capital Markets restated a “hold” rating on shares of Dollar General Corporation in a report on Wednesday, September 27th. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Deutsche Bank AG restated a “hold” rating and issued a $79.00 price target on shares of Dollar General Corporation in a report on Friday, September 1st. Zacks Investment Research cut Dollar General Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Loop Capital restated a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a 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 given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $80.98.
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 company has a market cap of $23,360.00, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last issued its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping 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 firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts expect that Dollar General Corporation will post 4.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.53%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.22% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Dollar General Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after purchasing an additional 315,589 shares in the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Dollar General Corporation by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after purchasing an additional 3,310,168 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Dollar General Corporation by 2.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock worth $642,060,000 after purchasing an additional 178,400 shares in the last quarter. Capital International Investors grew its stake in shares of Dollar General Corporation by 14.0% in the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after purchasing an additional 791,600 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Dollar General Corporation by 29.4% in the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after purchasing an additional 1,345,562 shares in the last quarter. 89.31% of the stock is owned by institutional investors.
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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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