Moffett Nathanson Begins Coverage on Dollar General (DG)
Moffett Nathanson initiated coverage on shares of Dollar General (NYSE:DG) in a research note released on Monday, Marketbeat reports. The brokerage issued a neutral rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Raymond James Financial restated a buy rating on shares of Dollar General in a report on Sunday. UBS restated a buy rating and issued a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a report on Monday. MKM Partners upped their price objective on shares of Dollar General to $96.00 and gave the stock a buy rating in a report on Monday, November 20th. Deutsche Bank upgraded shares of Dollar General from a hold rating to a buy rating and upped their price objective for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of Dollar General from a hold rating to a buy rating and set a $94.00 price objective on the stock in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $82.93.
Dollar General (NYSE:DG) opened at $90.85 on Monday. Dollar General has a one year low of $65.97 and a one year high of $92.11. The stock has a market cap of $24,694.42, a PE ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96. 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 also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. Dollar General’s payout ratio is 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Dollar General by 1.8% during the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock valued at $1,269,909,000 after purchasing an additional 315,589 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Dollar General by 168.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after purchasing an additional 10,167,321 shares during the period. Longview Partners Guernsey LTD lifted its position in Dollar General by 41.3% during the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after purchasing an additional 3,310,168 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Dollar General by 2.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after purchasing an additional 178,400 shares during the period. Finally, Capital International Investors lifted its position in Dollar General by 14.0% during the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after purchasing an additional 791,600 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.
About Dollar General
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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