Dollar General Corporation (NYSE:DG)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a report released on Friday.
A number of other brokerages also recently issued reports on DG. Wells Fargo & Company assumed coverage on shares of Dollar General Corporation in a research note on Friday, November 3rd. They issued an “underperform” rating and a $72.00 price target for the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $85.00 price target on shares of Dollar General Corporation in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Wednesday, November 1st. BMO Capital Markets restated a “hold” rating on shares of Dollar General Corporation in a research report on Wednesday, September 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $85.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $79.84.
Shares of Dollar General Corporation (DG) traded up $2.24 during trading on Friday, reaching $84.15. 3,666,100 shares of the company were exchanged, compared to its average volume of 2,842,182. Dollar General Corporation has a one year low of $65.97 and a one year high of $85.07. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $22,382.65, a P/E ratio of 18.16, a P/E/G ratio of 1.69 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. analysts predict that Dollar General Corporation will post 4.5 EPS for the current year.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Dollar General Corporation by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after purchasing an additional 315,589 shares in the last quarter. Longview Partners Guernsey LTD boosted its position in shares of Dollar General Corporation by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after purchasing an additional 3,310,168 shares in the last quarter. FMR LLC boosted its position in shares of Dollar General Corporation by 29.4% during the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after purchasing an additional 1,345,562 shares in the last quarter. Capital International Investors boosted its position in shares of Dollar General Corporation by 1.8% during the 2nd quarter. Capital International Investors now owns 5,636,400 shares of the company’s stock worth $406,328,000 after purchasing an additional 98,000 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in shares of Dollar General Corporation by 11.2% in the 2nd quarter. Polen Capital Management LLC now owns 4,780,742 shares of the company’s stock worth $344,644,000 after buying an additional 480,632 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.
About Dollar General Corporation
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.
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