Dollar General (NYSE:DG) had its price target upped by Telsey Advisory Group from $145.00 to $168.00 in a report released on Friday, Briefing.com Automated Import reports. They currently have an outperform rating on the stock.
DG has been the subject of several other reports. BMO Capital Markets boosted their price objective on Dollar General from $133.00 to $140.00 and gave the stock an outperform rating in a research note on Friday, May 31st. Loop Capital reiterated a buy rating and set a $175.00 price objective (up from $156.00) on shares of Dollar General in a research note on Thursday, August 29th. Oppenheimer boosted their price objective on Dollar General from $135.00 to $150.00 and gave the stock a top pick rating in a research note on Thursday, June 13th. KeyCorp boosted their price objective on Dollar General from $140.00 to $148.00 and gave the stock an overweight rating in a research note on Tuesday, August 27th. Finally, Zacks Investment Research upgraded Dollar General from a hold rating to a buy rating and set a $134.00 price objective for the company in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $152.20.
NYSE:DG opened at $156.09 on Friday. Dollar General has a 12 month low of $98.08 and a 12 month high of $158.91. The stock has a 50 day moving average of $139.20 and a two-hundred day moving average of $128.70. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 1.49. The firm has a market cap of $40.32 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.16. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The company had revenue of $6.98 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the business earned $1.52 EPS. Dollar General’s quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts forecast that Dollar General will post 6.5 earnings per share for the current year.
The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
Several hedge funds have recently bought and sold shares of DG. Comerica Securities Inc. purchased a new stake in Dollar General in the 4th quarter worth about $511,000. Geode Capital Management LLC increased its holdings in Dollar General by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 3,767,235 shares of the company’s stock worth $406,512,000 after acquiring an additional 334,530 shares during the last quarter. Creative Planning increased its holdings in Dollar General by 12.3% in the 1st quarter. Creative Planning now owns 8,755 shares of the company’s stock worth $1,044,000 after acquiring an additional 962 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Dollar General by 199.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,336 shares of the company’s stock worth $150,000 after acquiring an additional 890 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Dollar General by 22.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 106,112 shares of the company’s stock worth $12,659,000 after acquiring an additional 19,100 shares during the last quarter. Institutional investors and hedge funds own 92.91% of the company’s stock.
About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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