Several other analysts also recently weighed in on DG. Loop Capital lifted their target price on shares of Dollar General from $87.00 to $97.00 and gave the company a hold rating in a report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada reduced their price objective on shares of Dollar General to $101.00 and set an outperform rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reiterated a neutral rating and issued a $103.00 price objective (up previously from $94.00) on shares of Dollar General in a research note on Thursday, February 22nd. ValuEngine cut shares of Dollar General from a buy rating to a hold rating in a research note on Thursday, March 1st. Finally, Argus reiterated a hold rating on shares of Dollar General in a research note on Thursday, February 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $95.18.
Shares of Dollar General (NYSE:DG) traded up $1.99 during trading hours on Friday, hitting $95.43. 5,127,676 shares of the stock traded hands, compared to its average volume of 3,048,672. The stock has a market capitalization of $25,374.90, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 0.43. Dollar General has a 1-year low of $65.97 and a 1-year high of $105.82.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. The business had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.20 billion. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share. sell-side analysts forecast that Dollar General will post 6.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. This is a boost from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s payout ratio is presently 18.37%.
Dollar General declared that its board has authorized a share repurchase plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.
Several large investors have recently bought and sold shares of DG. Victory Capital Management Inc. grew its holdings in Dollar General by 19.3% in the third quarter. Victory Capital Management Inc. now owns 23,490 shares of the company’s stock valued at $1,904,000 after purchasing an additional 3,794 shares during the period. Retirement Systems of Alabama grew its holdings in Dollar General by 3.3% in the third quarter. Retirement Systems of Alabama now owns 126,390 shares of the company’s stock valued at $10,244,000 after purchasing an additional 4,067 shares during the period. CIBC Asset Management Inc grew its stake in Dollar General by 2.3% during the third quarter. CIBC Asset Management Inc now owns 28,418 shares of the company’s stock worth $2,303,000 after buying an additional 631 shares during the period. New York State Common Retirement Fund grew its stake in Dollar General by 1.8% during the third quarter. New York State Common Retirement Fund now owns 634,057 shares of the company’s stock worth $51,390,000 after buying an additional 11,457 shares during the period. Finally, Toronto Dominion Bank grew its stake in Dollar General by 14.5% during the third quarter. Toronto Dominion Bank now owns 107,606 shares of the company’s stock worth $8,722,000 after buying an additional 13,639 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This article was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://ledgergazette.com/2018/03/17/dollar-general-dg-given-a-121-00-price-target-by-morgan-stanley-analysts.html.
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.
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.