Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Dollar General from a hold rating to a buy rating and set a $87.00 price target for the company in a report on Monday, August 28th. BidaskClub raised Dollar General from a hold rating to a buy rating in a report on Friday, August 25th. Bank of America reissued a buy rating and set a $90.00 price target on shares of Dollar General in a report on Friday, August 25th. Citigroup boosted their price target on Dollar General from $87.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, September 13th. Finally, Royal Bank of Canada reissued a buy rating and set a $85.00 price target on shares of Dollar General in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $85.54.
Dollar General (NYSE DG) traded up $1.07 during trading hours on Friday, hitting $94.06. The stock had a trading volume of 1,990,000 shares, compared to its average volume of 2,840,000. The company has a market cap of $25,540.00, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General has a 1 year low of $65.97 and a 1 year high of $96.60.
Dollar General (NYSE:DG) last released its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. analysts expect that Dollar General will post 4.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.26 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. Dollar General’s payout ratio is 23.06%.
In other news, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the sale, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.64, for a total value of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last three months, insiders sold 20,916 shares of company stock valued at $1,924,881. Insiders own 0.32% of the company’s stock.
Several institutional investors have recently made changes to their positions in DG. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after purchasing an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD boosted its position in shares of Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after purchasing an additional 3,310,168 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Dollar General by 115.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock valued at $257,611,000 after purchasing an additional 1,914,303 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Dollar General by 1,959.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock valued at $122,980,000 after purchasing an additional 1,623,070 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Dollar General by 363.7% in the second quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after acquiring an additional 1,543,619 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.
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About Dollar General
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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