A number of other research firms have also commented on DG. Deutsche Bank AG lowered shares of Dollar General Corp. from a buy rating to a hold rating and boosted their price target for the company from $95.00 to $99.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Dollar General Corp. from a hold rating to a buy rating and set a $105.00 price target for the company in a research report on Tuesday, July 5th. Jefferies Group lowered shares of Dollar General Corp. from a buy rating to a hold rating and reduced their price target for the company from $101.00 to $96.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. MKM Partners restated a buy rating and set a $97.00 price target on shares of Dollar General Corp. in a research report on Thursday, August 25th. Finally, Macquarie reduced their price target on shares of Dollar General Corp. from $98.00 to $92.00 and set an outperform rating for the company in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General Corp. presently has a consensus rating of Hold and a consensus price target of $89.71.
Dollar General Corp. (NYSE:DG) traded up 2.49% during mid-day trading on Wednesday, reaching $68.64. The company had a trading volume of 1,881,193 shares. The firm has a 50-day moving average price of $75.23 and a 200 day moving average price of $85.08. Dollar General Corp. has a 12-month low of $59.75 and a 12-month high of $96.88. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.74.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. Analysts expect that Dollar General Corp. will post $4.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.
In other news, Director William C. Rhodes III bought 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of $76.30 per share, for a total transaction of $381,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael M. Calbert bought 13,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of $75.53 per share, for a total transaction of $981,890.00. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DG. Orbis Allan Gray Ltd purchased a new position in shares of Dollar General Corp. during the first quarter valued at about $195,087,000. FMR LLC increased its position in shares of Dollar General Corp. by 22.1% in the second quarter. FMR LLC now owns 5,363,791 shares of the company’s stock worth $504,197,000 after buying an additional 971,187 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of Dollar General Corp. during the second quarter worth $62,928,000. AXA increased its position in shares of Dollar General Corp. by 482.2% in the second quarter. AXA now owns 797,600 shares of the company’s stock worth $74,975,000 after buying an additional 660,600 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Dollar General Corp. by 2,084.2% in the second quarter. PNC Financial Services Group Inc. now owns 656,779 shares of the company’s stock worth $61,737,000 after buying an additional 626,709 shares during the period. Hedge funds and other institutional investors own 85.44% of the company’s stock.
About Dollar General Corp.
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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