Raymond James Financial Analysts Give Dollar General (DG) a $107.00 Price Target
DG has been the subject of a number of other reports. BMO Capital Markets set a $85.00 price objective on shares of Dollar General and gave the stock a hold rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut shares of Dollar General from a buy rating to a hold rating in a research report on Wednesday, August 23rd. Loop Capital restated a hold rating and set a $76.00 price objective on shares of Dollar General in a research report on Thursday, August 24th. Bank of America restated a buy rating and set a $90.00 price objective on shares of Dollar General in a research report on Friday, August 25th. Finally, BidaskClub upgraded shares of Dollar General from a hold rating to a buy rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $85.54.
Dollar General (NYSE DG) opened at $93.35 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Dollar General has a 12 month low of $65.97 and a 12 month high of $96.60. The stock has a market cap of $25,358.61, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.85 and a beta of 0.96.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. research analysts anticipate that Dollar General will post 4.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, January 8th. Dollar General’s dividend payout ratio is currently 23.01%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC grew its holdings in shares of Dollar General by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after purchasing an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Dollar General by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after buying an additional 48 shares during the period. Welch Group LLC boosted its stake in Dollar General by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after buying an additional 483 shares during the period. Meeder Asset Management Inc. boosted its stake in Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after buying an additional 2,295 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in Dollar General during the third quarter worth about $195,000. 89.90% of the stock is owned by hedge funds and other institutional investors.
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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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