DG has been the topic of a number of other research reports. Morgan Stanley reiterated a buy rating and issued a $97.00 price target on shares of Dollar General Corp. in a research note on Sunday, August 28th. Citigroup Inc. upped their price target on shares of Dollar General Corp. from $89.00 to $107.00 and gave the stock a buy rating in a research note on Wednesday, August 31st. Wolfe Research cut shares of Dollar General Corp. from a market perform rating to an underperform rating in a research note on Wednesday, September 7th. Jefferies Group reiterated a hold rating on shares of Dollar General Corp. in a research note on Monday, September 12th. Finally, Barclays PLC initiated coverage on shares of Dollar General Corp. in a research note on Friday, September 23rd. They issued an equal weight rating and a $74.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dollar General Corp. currently has a consensus rating of Hold and a consensus price target of $89.71.
Dollar General Corp. (NYSE:DG) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The firm earned $5.39 billion during the quarter, compared to the consensus estimate of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid 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 presently 23.42%.
In related news, Director Michael M. Calbert acquired 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average cost of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Rhodes III acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were bought 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. Corporate insiders own 0.22% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd bought a new position in shares of Dollar General Corp. during the first quarter worth about $195,087,000. FMR LLC increased its position in Dollar General Corp. by 22.1% in the second quarter. FMR LLC now owns 5,363,791 shares of the company’s stock valued at $504,197,000 after buying an additional 971,187 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Dollar General Corp. during the second quarter valued at $62,928,000. AXA increased its position in Dollar General Corp. by 482.2% in the second quarter. AXA now owns 797,600 shares of the company’s stock valued at $74,975,000 after buying an additional 660,600 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in 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 valued at $61,737,000 after buying an additional 626,709 shares during the last quarter. 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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