Todays Report: Today, Dollar General Corp. (DG) Earns “Buy” Rating from Deutsche Bank AG

Today, Dollar General Corp. (DG) Earns “Buy” Rating from Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Dollar General Corp. (NYSE:DG) in a research report report published on Wednesday morning. The firm currently has a $77.00 price objective on the stock, down from their prior price objective of $84.00.

Other equities analysts have also recently issued reports about the stock. Johnson Rice cut shares of Dollar General Corp. from a buy rating to an accumulate rating in a research note on Friday, August 26th. Zacks Investment Research raised shares of Dollar General Corp. from a hold rating to a buy rating and set a $105.00 price objective on the stock in a research note on Tuesday, July 5th. MKM Partners reissued a buy rating and issued a $97.00 price objective on shares of Dollar General Corp. in a research note on Thursday, August 25th. Morgan Stanley reissued a buy rating and issued a $97.00 price objective on shares of Dollar General Corp. in a research note on Sunday, August 28th. Finally, Citigroup Inc. boosted their price objective on shares of Dollar General Corp. from $89.00 to $107.00 and gave the company a buy rating in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $89.42.

Shares of Dollar General Corp. (NYSE:DG) opened at 68.98 on Wednesday. The stock has a 50 day moving average of $71.26 and a 200-day moving average of $84.31. Dollar General Corp. has a 12 month low of $59.75 and a 12 month high of $96.88. The firm has a market capitalization of $19.43 billion, a PE ratio of 16.13 and a beta of 0.74.

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

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.

In related news, Director Michael M. Calbert purchased 13,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was purchased at an average price of $75.53 per share, for a total transaction of $981,890.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William C. Rhodes III purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was bought at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Dollar General Corp. by 3.6% in the second quarter. JPMorgan Chase & Co. now owns 5,475,274 shares of the company’s stock worth $514,676,000 after buying an additional 188,188 shares in the last quarter. FMR LLC boosted its position in Dollar General Corp. by 22.1% in the second quarter. FMR LLC now owns 5,363,791 shares of the company’s stock worth $504,197,000 after buying an additional 971,187 shares in the last quarter. BlackRock Fund Advisors boosted its position in Dollar General Corp. by 6.0% in the second quarter. BlackRock Fund Advisors now owns 5,096,282 shares of the company’s stock worth $479,051,000 after buying an additional 290,151 shares in the last quarter. CAM Group Holding A S boosted its position in Dollar General Corp. by 3.2% in the second quarter. CAM Group Holding A S now owns 3,576,704 shares of the company’s stock worth $336,210,000 after buying an additional 109,279 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Dollar General Corp. by 6.4% in the first quarter. Geode Capital Management LLC now owns 2,568,503 shares of the company’s stock worth $219,454,000 after buying an additional 153,968 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Dollar General Corp.

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