Dollar General Corporation (NYSE:DG) had its price target hoisted by equities research analysts at Jefferies Group LLC from $68.00 to $73.00 in a research report issued on Friday, September 1st, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price target would indicate a potential downside of 5.93% from the stock’s current price. Jefferies Group also issued estimates for Dollar General Corporation’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $1.48 EPS and FY2018 earnings at $4.53 EPS.
DG has been the topic of a number of other reports. Bank of America Corporation restated a “buy” rating and issued a $90.00 price target on shares of Dollar General Corporation in a report on Friday, August 25th. BMO Capital Markets set a $85.00 price target on Dollar General Corporation and gave the company a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a report on Friday, June 2nd. BidaskClub upgraded Dollar General Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Barclays PLC restated a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.59.
Shares of Dollar General Corporation (DG) opened at 77.60 on Friday. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94. The firm’s 50 day moving average is $75.65 and its 200 day moving average is $72.80.
Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
In related news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Dollar General Corporation by 4,173.7% during 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 in the last quarter. Vanguard Group Inc. grew its position in Dollar General Corporation by 1.8% during the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after buying an additional 315,589 shares in the last quarter. Bank of New York Mellon Corp grew its position in Dollar General Corporation by 20.5% during 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 in the last quarter. Longview Partners Guernsey LTD acquired a new stake in Dollar General Corporation during the second quarter worth approximately $577,548,000. Finally, FMR LLC grew its position in Dollar General Corporation by 29.4% during the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after buying an additional 1,345,562 shares in the last quarter. 90.61% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Corporation 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.
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