Dollar General Corp. (DG) Earns “Hold” Rating from Jefferies Group LLC
Dollar General Corp. (NYSE:DG)‘s stock had its “hold” rating restated by Jefferies Group LLC in a report issued on Wednesday. They presently have a $68.00 price target on the stock. Jefferies Group LLC’s price objective indicates a potential downside of 3.78% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Buckingham Research downgraded Dollar General Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $83.00 to $75.00 in a research report on Friday, March 10th. Loop Capital reiterated a “hold” rating and issued a $76.00 target price on shares of Dollar General Corp. in a research report on Tuesday, March 14th. Zacks Investment Research downgraded Dollar General Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. MKM Partners reiterated a “buy” rating and issued a $83.00 target price on shares of Dollar General Corp. in a research report on Wednesday, February 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 target price on shares of Dollar General Corp. in a research report on Thursday, April 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.49.
Dollar General Corp. (NYSE:DG) traded up 1.96% on Wednesday, hitting $70.67. The stock had a trading volume of 2,781,716 shares. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 15.95 and a beta of 0.84. The firm has a 50-day moving average of $70.72 and a 200 day moving average of $72.77. Dollar General Corp. has a 52 week low of $66.50 and a 52 week high of $96.88.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, March 16th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The firm earned $6.01 billion during the quarter, compared to analyst estimates of $5.96 billion. Dollar General Corp. had a return on equity of 22.79% and a net margin of 5.70%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. On average, analysts predict that Dollar General Corp. will post $4.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Tuesday, April 11th will be paid a $0.26 dividend. The ex-dividend date is Friday, April 7th. This represents a $1.04 annualized dividend and a yield of 1.47%. This is a boost from Dollar General Corp.’s previous quarterly dividend of $0.25. Dollar General Corp.’s dividend payout ratio is 23.53%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Dollar General Corp. by 1.6% in the fourth quarter. State Street Corp now owns 12,561,359 shares of the company’s stock valued at $930,748,000 after buying an additional 198,128 shares during the period. Janus Capital Management LLC boosted its position in shares of Dollar General Corp. by 34.7% in the fourth quarter. Janus Capital Management LLC now owns 4,024,301 shares of the company’s stock valued at $298,080,000 after buying an additional 1,036,189 shares during the period. Capital International Investors purchased a new position in shares of Dollar General Corp. during the third quarter valued at about $279,400,000. Polen Capital Management LLC boosted its position in shares of Dollar General Corp. by 120.1% in the fourth quarter. Polen Capital Management LLC now owns 3,903,635 shares of the company’s stock valued at $289,142,000 after buying an additional 2,129,904 shares during the period. Finally, CAM Group Holding A S boosted its position in shares of Dollar General Corp. by 3.4% in the third quarter. CAM Group Holding A S now owns 3,699,084 shares of the company’s stock valued at $258,899,000 after buying an additional 122,380 shares during the period. 81.93% of the stock is currently owned by institutional investors.
Dollar General Corp. 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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