Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of Dollar General Corporation (NYSE:DG) in a research note released on Tuesday, Marketbeat Ratings reports. They currently have a $89.00 price objective on the stock.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Dollar General Corporation from a hold rating to a buy rating and set a $87.00 price target on the stock in a report on Monday, August 28th. BidaskClub raised shares of Dollar General Corporation from a hold rating to a buy rating in a report on Friday, August 25th. Bank of America Corporation reaffirmed a buy rating and set a $90.00 price target on shares of Dollar General Corporation in a report on Friday, August 25th. Citigroup Inc. lifted their price target on shares of Dollar General Corporation from $87.00 to $90.00 and gave the company a buy rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $85.00 price target on shares of Dollar General Corporation in a report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Dollar General Corporation presently has a consensus rating of Hold and an average target price of $80.98.
Shares of Dollar General Corporation (NYSE:DG) traded up $0.61 during mid-day trading on Tuesday, hitting $85.50. The stock had a trading volume of 2,490,000 shares, compared to its average volume of 2,130,000. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $23,360.00, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.64 and a beta of 0.93. Dollar General Corporation has a twelve month low of $65.97 and a twelve month high of $85.52.
Dollar General Corporation (NYSE:DG) last announced its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. analysts anticipate that Dollar General Corporation will post 4.5 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.53%.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Dollar General Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after purchasing an additional 315,589 shares during the last quarter. Longview Partners Guernsey LTD grew its holdings in shares of Dollar General Corporation by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after purchasing an additional 3,310,168 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Dollar General Corporation by 2.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock worth $642,060,000 after purchasing an additional 178,400 shares during the last quarter. Capital International Investors grew its holdings in shares of Dollar General Corporation by 14.0% in the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after purchasing an additional 791,600 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Dollar General Corporation by 29.4% in the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after purchasing an additional 1,345,562 shares during the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.
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.
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