Dollar General Corporation’s (DG) Buy Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Dollar General Corporation (NYSE:DG) in a report issued on Tuesday. They currently have a $85.00 price target on the stock.

Other equities analysts also recently issued research reports about the company. Piper Jaffray Companies reiterated a buy rating and set a $85.00 price objective on shares of Dollar General Corporation in a research report on Friday, September 29th. BMO Capital Markets reiterated a hold rating on shares of Dollar General Corporation in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Dollar General Corporation from a hold rating to a buy rating and set a $87.00 price objective on the stock in a research report on Monday, August 28th. Citigroup Inc. lifted their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, September 13th. Finally, BidaskClub upgraded Dollar General Corporation from a hold rating to a buy rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Dollar General Corporation has a consensus rating of Hold and an average target price of $80.79.

Dollar General Corporation (DG) opened at 80.94 on Tuesday. The stock has a market capitalization of $22.12 billion, a PE ratio of 18.34 and a beta of 0.96. The company has a 50-day moving average price of $77.77 and a 200-day moving average price of $73.72. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $82.38.

Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. Analysts expect that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.

In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of DG. Victory Capital Management Inc. lifted its holdings in shares of Dollar General Corporation by 19.3% in the 1st quarter. Victory Capital Management Inc. now owns 17,145 shares of the company’s stock valued at $1,196,000 after purchasing an additional 2,779 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Dollar General Corporation in the 1st quarter valued at about $531,000. OppenheimerFunds Inc. lifted its holdings in shares of Dollar General Corporation by 16.0% in the 1st quarter. OppenheimerFunds Inc. now owns 35,791 shares of the company’s stock valued at $2,496,000 after purchasing an additional 4,939 shares during the last quarter. FMR LLC lifted its holdings in shares of Dollar General Corporation by 3.9% in the 1st quarter. FMR LLC now owns 4,569,613 shares of the company’s stock valued at $318,639,000 after purchasing an additional 170,656 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Dollar General Corporation by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 536,855 shares of the company’s stock valued at $37,435,000 after purchasing an additional 17,855 shares during the last quarter. 90.54% of the stock is owned

Other equities analysts also recently issued research reports about the company. Piper Jaffray Companies reiterated a buy rating and set a $85.00 price objective on shares of Dollar General Corporation in a research report on Friday, September 29th. BMO Capital Markets reiterated a hold rating on shares of Dollar General Corporation in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Dollar General Corporation from a hold rating to a buy rating and set a $87.00 price objective on the stock in a research report on Monday, August 28th. Citigroup Inc. lifted their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, September 13th. Finally, BidaskClub upgraded Dollar General Corporation from a hold rating to a buy rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Dollar General Corporation has a consensus rating of Hold and an average target price of $80.79.

Dollar General Corporation (DG) opened at 80.94 on Tuesday. The stock has a market capitalization of $22.12 billion, a PE ratio of 18.34 and a beta of 0.96. The company has a 50-day moving average price of $77.77 and a 200-day moving average price of $73.72. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $82.38.

Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. Analysts expect that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/dollar-general-corporations-dg-buy-rating-reaffirmed-at-royal-bank-of-canada.html.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.

In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of DG. Victory Capital Management Inc. lifted its holdings in shares of Dollar General Corporation by 19.3% in the 1st quarter. Victory Capital Management Inc. now owns 17,145 shares of the company’s stock valued at $1,196,000 after purchasing an additional 2,779 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Dollar General Corporation in the 1st quarter valued at about $531,000. OppenheimerFunds Inc. lifted its holdings in shares of Dollar General Corporation by 16.0% in the 1st quarter. OppenheimerFunds Inc. now owns 35,791 shares of the company’s stock valued at $2,496,000 after purchasing an additional 4,939 shares during the last quarter. FMR LLC lifted its holdings in shares of Dollar General Corporation by 3.9% in the 1st quarter. FMR LLC now owns 4,569,613 shares of the company’s stock valued at $318,639,000 after purchasing an additional 170,656 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Dollar General Corporation by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 536,855 shares of the company’s stock valued at $37,435,000 after purchasing an additional 17,855 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

About Dollar General Corporation

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.

Analyst Recommendations for Dollar General Corporation (NYSE:DG)

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