The KeyCorp Initiates Coverage on Dollar General Corp. (DG)

The KeyCorp Initiates Coverage on Dollar General Corp. (DG)

Research analysts at KeyCorp started coverage on shares of Dollar General Corp. (NYSE:DG) in a research note issued to investors on Wednesday. The firm set a “positive” rating on the stock.

DG has been the subject of several other research reports. Morgan Stanley reissued a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Sunday, August 28th. Citigroup Inc. boosted their price objective on Dollar General Corp. from $89.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Wolfe Research lowered Dollar General Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 7th. Jefferies Group reissued a “hold” rating on shares of Dollar General Corp. in a report on Monday, September 12th. Finally, Barclays PLC started coverage on Dollar General Corp. in a report on Friday, September 23rd. They set an “equal weight” rating and a $74.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $89.42.

Dollar General Corp. (NYSE:DG) opened at 69.35 on Wednesday. Dollar General Corp. has a 12-month low of $59.75 and a 12-month high of $96.88. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 16.22 and a beta of 0.74. The firm’s 50-day moving average is $71.45 and its 200 day moving average is $84.43.

Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Dollar General Corp. will post $4.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.

In other Dollar General Corp. news, Director Michael M. Calbert acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average cost of $75.53 per share, with a total value of $981,890.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average cost of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DG. Pacer Advisors Inc. boosted its stake in Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock valued at $106,000 after buying an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Dollar General Corp. by 45.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $175,000 after buying an additional 579 shares during the period. Sigma Planning Corp acquired a new stake in Dollar General Corp. during the second quarter valued at approximately $200,000. Burns J W & Co. Inc. NY acquired a new stake in Dollar General Corp. during the second quarter valued at approximately $203,000. Finally, Nuveen Fund Advisors LLC acquired a new stake in Dollar General Corp. during the second quarter valued at approximately $205,000. 85.44% of the stock is currently owned by institutional investors.

About Dollar General Corp.

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