Research analysts at KeyCorp assumed coverage on shares of Dollar General Corp. (NYSE:DG) in a note issued to investors on Wednesday. The brokerage set a “sector weight” rating on the stock.
Other equities research analysts also recently issued research reports about the company. Johnson Rice downgraded Dollar General Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, August 26th. Zacks Investment Research upgraded Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. MKM Partners restated a “buy” rating and issued a $97.00 price target on shares of Dollar General Corp. in a research note on Thursday, August 25th. Morgan Stanley restated a “buy” rating and issued a $97.00 price target on shares of Dollar General Corp. in a research note on Sunday, August 28th. Finally, Citigroup Inc. increased their price target on Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $89.42.
Dollar General Corp. (NYSE:DG) traded down 0.13% during trading on Wednesday, hitting $69.26. 966,249 shares of the stock were exchanged. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88. The firm’s 50 day moving average price is $71.45 and its 200-day moving average price is $84.43. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 16.20 and a beta of 0.74.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.09 by $0.01. The company earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, analysts anticipate that Dollar General Corp. will post $4.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. Dollar General Corp.’s dividend payout ratio (DPR) is 23.42%.
In other Dollar General Corp. news, Director Michael M. Calbert bought 13,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $981,890.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William C. Rhodes III bought 5,000 shares of the stock in a transaction on Friday, August 26th. The stock was acquired at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
Large investors have recently modified their holdings of the company. Gluskin Sheff & Assoc Inc. increased its stake in shares of Dollar General Corp. by 834.1% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 212,890 shares of the company’s stock worth $20,012,000 after buying an additional 190,100 shares during the last quarter. British Airways Pensions Investment Management Ltd increased its stake in shares of Dollar General Corp. by 27.1% in the second quarter. British Airways Pensions Investment Management Ltd now owns 340,740 shares of the company’s stock worth $32,157,000 after buying an additional 72,740 shares during the last quarter. PGGM Investments increased its stake in shares of Dollar General Corp. by 2.3% in the second quarter. PGGM Investments now owns 415,692 shares of the company’s stock worth $39,075,000 after buying an additional 9,425 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Dollar General Corp. by 1.4% in the first quarter. Legal & General Group Plc now owns 1,272,052 shares of the company’s stock worth $108,887,000 after buying an additional 18,068 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Dollar General Corp. by 32.9% in the first quarter. Royal Bank of Canada now owns 544,084 shares of the company’s stock worth $46,572,000 after buying an additional 134,621 shares during the last quarter. Institutional investors and hedge funds 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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