Piper Jaffray Companies Reiterates Buy Rating for Dollar General Corporation (DG)
Dollar General Corporation (NYSE:DG)‘s stock had its “buy” rating reiterated by equities researchers at Piper Jaffray Companies in a note issued to investors on Friday. They currently have a $85.00 price target on the stock. Piper Jaffray Companies’ target price would indicate a potential upside of 4.87% from the stock’s current price.
Several other brokerages also recently issued reports on DG. Jefferies Group LLC upped their price objective on Dollar General Corporation from $68.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $90.00 price objective on shares of Dollar General Corporation in a research note on Friday, August 25th. BMO Capital Markets set a $85.00 price objective on Dollar General Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price objective for the company in a research report on Friday, June 2nd. Finally, Citigroup Inc. lifted their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar General Corporation presently has a consensus rating of “Hold” and an average target price of $80.79.
Shares of Dollar General Corporation (NYSE DG) traded up 0.76% during trading on Friday, reaching $81.67. The company had a trading volume of 1,178,025 shares. The firm’s 50 day moving average price is $75.77 and its 200 day moving average price is $72.84. The firm has a market capitalization of $22.32 billion, a P/E ratio of 18.50 and a beta of 0.96. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $81.79.
Dollar General Corporation (NYSE:DG) last announced its earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. Equities analysts predict that Dollar General Corporation will post $4.51 EPS for the current year.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its holdings in Dollar General Corporation by 8.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 789,648 shares of the company’s stock valued at $55,062,000 after purchasing an additional 64,747 shares in the last quarter. Pacer Advisors Inc. raised its position in Dollar General Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 5,385 shares of the company’s stock valued at $375,000 after purchasing an additional 167 shares during the period. Victory Capital Management Inc. raised its position in Dollar General Corporation by 19.3% in the first quarter. Victory Capital Management Inc. now owns 17,145 shares of the company’s stock valued at $1,196,000 after purchasing an additional 2,779 shares during the period. Schroder Investment Management Group purchased a new position in Dollar General Corporation in the first quarter valued at about $531,000. Finally, Cibc World Markets Corp raised its position in Dollar General Corporation by 52.5% in the first quarter. Cibc World Markets Corp now owns 26,556 shares of the company’s stock valued at $1,852,000 after purchasing an additional 9,143 shares during the period. Institutional investors and hedge funds own 90.51% 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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