Dollar General Corporation (DG) Given Hold Rating at KeyCorp

KeyCorp reiterated their hold rating on shares of Dollar General Corporation (NYSE:DG) in a research report sent to investors on Friday morning.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Dollar General Corporation from a buy rating to a hold rating in a research note on Tuesday. Wells Fargo & Company began coverage on shares of Dollar General Corporation in a research note on Friday, November 3rd. They set an underperform rating and a $72.00 target price on the stock. Royal Bank of Canada reaffirmed a buy rating and set a $85.00 target price on shares of Dollar General Corporation in a research note on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a buy rating and set a $85.00 target price on shares of Dollar General Corporation in a research note on Friday, September 29th. Finally, BMO Capital Markets reaffirmed a hold rating on shares of Dollar General Corporation in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $79.84.

Shares of Dollar General Corporation (NYSE DG) traded up $2.24 on Friday, hitting $84.15. 3,666,100 shares of the stock were exchanged, compared to its average volume of 2,842,182. The company has a market cap of $22,382.65, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $85.07.

Dollar General Corporation (NYSE:DG) last announced its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. sell-side analysts expect that Dollar General Corporation will post 4.5 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.24%. Dollar General Corporation’s payout ratio is 23.48%.

In other news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DG. Sun Life Financial INC raised its holdings in shares of Dollar General Corporation by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after purchasing an additional 1,817 shares during the last quarter. Alpha Windward LLC raised its holdings in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after purchasing an additional 56 shares during the last quarter. Huntington National Bank raised its holdings in shares of Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after purchasing an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Dollar General Corporation by 7,109.3% during the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock valued at $150,000 after purchasing an additional 10,664 shares during the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Dollar General Corporation (NYSE:DG)

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