DG has been the subject of a number of other reports. Johnson Rice cut shares of Dollar General Corp. from a buy rating to an accumulate rating in a research note on Friday, August 26th. RBC Capital Markets reissued an outperform rating and issued a $90.00 price objective (down from $103.00) on shares of Dollar General Corp. in a research note on Friday, August 26th. Macquarie dropped their price objective on shares of Dollar General Corp. from $98.00 to $92.00 and set an outperform rating for the company in a research note on Thursday, August 25th. Barclays PLC assumed 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 objective for the company. Finally, Jefferies Group dropped their price objective on shares of Dollar General Corp. from $96.00 to $78.00 and set a hold rating for the company in a research note on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $89.42.
Dollar General Corp. (NYSE:DG) opened at 68.98 on Wednesday. The company has a 50-day moving average of $71.26 and a 200-day moving average of $84.31. The company has a market capitalization of $19.43 billion, a P/E ratio of 16.13 and a beta of 0.74. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The business earned $5.39 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that Dollar General Corp. will post $4.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
In other Dollar General Corp. news, Director Michael M. Calbert acquired 13,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average cost of $75.53 per share, with a total value of $981,890.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was acquired at an average cost of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd acquired a new stake in Dollar General Corp. during the first quarter valued at approximately $195,087,000. FMR LLC increased its stake 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 period. Emerald Acquisition Ltd. acquired a new stake in Dollar General Corp. during the second quarter valued at approximately $62,928,000. AXA increased its stake 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 period. Finally, PNC Financial Services Group Inc. increased its stake 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 period. 85.36% of the stock is currently owned by institutional investors and hedge funds.
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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