BidaskClub Lowers Dollar General Corporation (DG) to Strong Sell

BidaskClub cut shares of Dollar General Corporation (NYSE:DG) from a sell rating to a strong sell rating in a report issued on Wednesday.

A number of other research firms also recently issued reports on DG. Deutsche Bank AG restated a hold rating and set a $79.00 price objective (up previously from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Morgan Stanley restated an overweight rating and set a $85.00 price objective on shares of Dollar General Corporation in a report on Tuesday, June 6th. Barclays PLC restated a hold rating and set a $76.00 price objective on shares of Dollar General Corporation in a report on Friday, June 2nd. BMO Capital Markets restated a neutral rating and set a $85.00 price objective (up previously from $76.00) on shares of Dollar General Corporation in a report on Friday, June 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Dollar General Corporation from $81.00 to $85.00 and gave the stock an outperform rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $80.89.

Shares of Dollar General Corporation (DG) traded up 1.03% on Wednesday, reaching $71.87. 2,210,906 shares of the company were exchanged. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $96.88. The firm has a market capitalization of $19.71 billion, a PE ratio of 16.25 and a beta of 0.92. The company’s 50 day moving average is $72.76 and its 200 day moving average is $72.93.

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be issued a $0.26 dividend. The ex-dividend date is Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.45%. Dollar General Corporation’s payout ratio is 23.48%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dollar General Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock worth $1,206,329,000 after buying an additional 430,091 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after buying an additional 1,398,043 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock worth $330,886,000 after buying an additional 3,497,733 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Dollar General Corporation by 3.9% in the first quarter. FMR LLC now owns 4,569,613 shares of the company’s stock worth $318,639,000 after buying an additional 170,656 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

About Dollar General Corporation

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.

Analyst Recommendations for Dollar General Corporation (NYSE:DG)

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