Dollar General Corp. (NYSE:DG) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They currently have a $76.50 target price on the stock. Vetr‘s price target would indicate a potential upside of 10.92% from the stock’s current price.
DG has been the subject of several other research reports. Zacks Investment Research raised Dollar General Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Guggenheim cut their target price on Dollar General Corp. to $85.00 in a research note on Friday, March 17th. MKM Partners reissued a “buy” rating and set a $83.00 target price on shares of Dollar General Corp. in a research note on Wednesday, February 22nd. Loop Capital reissued a “hold” rating and set a $76.00 target price on shares of Dollar General Corp. in a research note on Tuesday, March 14th. Finally, Bank of America Corp cut Dollar General Corp. from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Friday, January 13th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.86.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.73% during midday trading on Monday, hitting $68.97. The company had a trading volume of 2,451,470 shares. The firm has a market capitalization of $18.97 billion, a PE ratio of 15.57 and a beta of 0.84. The company has a 50-day moving average of $73.83 and a 200 day moving average of $73.01. Dollar General Corp. has a 12 month low of $66.50 and a 12 month high of $96.88.
Dollar General Corp. (NYSE:DG) last posted its earnings results on Thursday, March 16th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. The company earned $6.01 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Dollar General Corp. had a return on equity of 22.79% and a net margin of 5.70%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 earnings per share. On average, analysts expect that Dollar General Corp. will post $4.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 11th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.51%. This is an increase from Dollar General Corp.’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, April 7th. Dollar General Corp.’s payout ratio is 23.53%.
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A number of hedge funds have recently made changes to their positions in DG. Alpha Windward LLC increased its stake in shares of Dollar General Corp. by 1.5% in the third quarter. Alpha Windward LLC now owns 2,273 shares of the company’s stock worth $159,000 after buying an additional 33 shares during the period. Deltec Asset Management LLC acquired a new stake in shares of Dollar General Corp. during the third quarter worth about $630,000. Quotient Investors LLC acquired a new stake in shares of Dollar General Corp. during the third quarter worth about $567,000. Bank of Montreal Can increased its stake in shares of Dollar General Corp. by 4.5% in the third quarter. Bank of Montreal Can now owns 279,928 shares of the company’s stock worth $19,593,000 after buying an additional 12,049 shares during the period. Finally, First Quadrant L P CA increased its stake in shares of Dollar General Corp. by 126,711.8% in the third quarter. First Quadrant L P CA now owns 172,464 shares of the company’s stock worth $12,071,000 after buying an additional 172,328 shares during the period. 81.93% of the stock is owned by institutional investors.
Dollar General Corp. Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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