Several equities analysts recently commented on DG shares. Loop Capital reaffirmed a buy rating on shares of Dollar General in a research report on Friday, May 20th. Morgan Stanley raised shares of Dollar General from an equal weight rating to an overweight rating and raised their price objective for the stock from $ 225.00 to $ 250.00 in a research note on Thursday, June 16th. Gordon Haskett cut shares of Dollar General from a buy rating to a hold rating and set a $ 210.00 price target on the stock. in a research note on Friday, May 20th. Telsey Advisory Group dropped their price target on shares of Dollar General from $ 265.00 to $ 230.00 and set an outperform rating on the stock in a research note on Tuesday, May 24th. Finally, Piper Sandler lowered their target price on shares of Dollar General from $ 270.00 to $ 265.00 and set an overweight rating on the stock in a research note on Friday, March 18th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $ 245.33.
Shares of DG opened at $ 240.52 on Thursday. The firm has a market cap of $ 54.60 billion, a P / E ratio of 24.67, a price-to-earnings-growth ratio of 1.71 and a beta of 0.52. Dollar General has a 12-month low of $ 183.25 and a 12-month high of $ 262.20. The company’s 50-day moving average price is $ 231.36 and its 200 day moving average price is $ 222.43. The company has a current ratio of 0.97, a quick ratio of 0.09 and a debt-to-equity ratio of 0.66.
Dollar General (NYSE: DG – Get Rating) last released its earnings results on Thursday, May 26th. The company reported $ 2.41 earnings per share for the quarter, beating the consensus estimate of $ 2.31 by $ 0.10. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The company had revenue of $ 8.75 billion during the quarter, compared to the consensus estimate of $ 8.71 billion. During the same period in the previous year, the company posted $ 2.82 EPS. Dollar General’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Dollar General will post 11.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be issued a $ 0.55 dividend. This represents a $ 2.20 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, July 1st. Dollar General’s dividend payout ratio (DPR) is 22.56%.
In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $ 235.70, for a total value of $ 1,768,221.40. Following the completion of the sale, the chief accounting officer now owns 16,279 shares in the company, valued at $ 3,836,960.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patricia Filikrushel sold 5,289 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $ 221.59, for a total value of $ 1,171,989.51. Following the completion of the sale, the director now owns 22,793 shares of the company’s stock, valued at approximately $ 5,050,700.87. The disclosure for this sale can be found here. Insiders sold 15,790 shares of company stock valued at $ 3,622,273 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DG. DA Davidson & CO. raised its stake in shares of Dollar General by 21.6% during the first quarter. DA Davidson & CO. now owns 1,034 shares of the company’s stock worth $ 230,000 after purchasing an additional 184 shares during the last quarter. Dakota Wealth Management purchased a new position in Dollar General in the first quarter worth $ 474,000. Baird Financial Group Inc. raised its position in Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock worth $ 13,098,000 after acquiring an additional 12,262 shares in the last quarter. Covestor Ltd raised its position in Dollar General by 156.4% in the first quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $ 93,000 after acquiring an additional 255 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in Dollar General by 17.7% in the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $ 15,947,000 after acquiring an additional 10,773 shares in the last quarter. Institutional investors own 94.86% of the company’s stock.
Dollar General Company Profile (Get Rating)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits 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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