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.