Dollar General (DG) Given New $139.00 Price Target at Royal Bank of Canada
Dollar General (NYSE:DG) had its target price upped by Royal Bank of Canada from $133.00 to $139.00 in a research note issued to investors on Friday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.
Several other equities analysts have also recently commented on DG. JPMorgan Chase & Co. boosted their price objective on shares of Dollar General from $121.00 to $133.00 and gave the company an overweight rating in a research note on Friday, April 5th. BMO Capital Markets boosted their price objective on shares of Dollar General from $133.00 to $140.00 and gave the company an outperform rating in a research note on Friday. Morgan Stanley boosted their price objective on shares of Dollar General from $118.00 to $129.00 and gave the company an overweight rating in a research note on Wednesday, April 24th. Zacks Investment Research raised shares of Dollar General from a hold rating to a buy rating and set a $134.00 price objective for the company in a research note on Wednesday, May 22nd. Finally, KeyCorp reaffirmed an overweight rating and set a $140.00 price objective (up previously from $125.00) on shares of Dollar General in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Dollar General currently has a consensus rating of Buy and a consensus price target of $128.82.
DG opened at $127.28 on Friday. The stock has a market capitalization of $32.92 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19. Dollar General has a twelve month low of $86.87 and a twelve month high of $128.07.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Dollar General’s dividend payout ratio is presently 21.44%.
In other Dollar General news, EVP Robert D. Ravener sold 38,659 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $119.84, for a total value of $4,632,894.56. Following the completion of the transaction, the executive vice president now owns 39,739 shares of the company’s stock, valued at approximately $4,762,321.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert D. Ravener sold 8,973 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the completion of the transaction, the executive vice president now directly owns 17,794 shares of the company’s stock, valued at approximately $2,203,253.08. The disclosure for this sale can be found here. In the last three months, insiders sold 143,255 shares of company stock valued at $17,037,351. Corporate insiders own 0.55% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc lifted its holdings in shares of Dollar General by 82.8% in the 1st quarter. AdvisorNet Financial Inc now owns 265 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares during the last quarter. WESPAC Advisors SoCal LLC bought a new stake in shares of Dollar General in the 4th quarter worth approximately $30,000. Whittier Trust Co. lifted its holdings in shares of Dollar General by 66.3% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after acquiring an additional 116 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Dollar General in the 1st quarter worth approximately $39,000. Finally, We Are One Seven LLC bought a new stake in shares of Dollar General in the 4th quarter worth approximately $35,000. 94.87% of the stock is owned by institutional investors and hedge funds.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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