Dollar General (NYSE:DG) had its price objective cut by analysts at Royal Bank of Canada to $101.00 in a research report issued to clients and investors on Wednesday, March 14th. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 6.35% from the company’s current price.
Other research analysts also recently issued reports about the stock. Raymond James Financial set a $107.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research note on Saturday, December 9th. UBS reissued a “buy” rating and set a $99.00 price target (up from $85.00) on shares of Dollar General in a research note on Monday, December 4th. MKM Partners lifted their price target on shares of Dollar General to $96.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Deutsche Bank raised shares of Dollar General from a “hold” rating to a “buy” rating and lifted their price target for the stock from $79.00 to $93.00 in a research note on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Tuesday, November 14th. Twelve investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $98.00.
DG traded down $1.43 on Wednesday, reaching $94.97. The company had a trading volume of 2,760,408 shares, compared to its average volume of 3,137,070. The company has a market capitalization of $26,178.73, a P/E ratio of 21.15, a P/E/G ratio of 1.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.43 and a quick ratio of 0.22. Dollar General has a 52-week low of $65.97 and a 52-week high of $105.82.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.20 billion. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. Dollar General’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. equities analysts anticipate that Dollar General will post 6.01 earnings per share for the current year.
Dollar General announced that its board has authorized a stock repurchase plan on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, SVP Michael J. Kindy sold 8,221 shares of Dollar General stock in a transaction on Monday, March 26th. The shares were sold at an average price of $93.05, for a total value of $764,964.05. Following the sale, the senior vice president now owns 9,850 shares in the company, valued at $916,542.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DG. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after acquiring an additional 10,167,321 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in Dollar General in the fourth quarter valued at $194,984,000. Capital International Investors boosted its holdings in Dollar General by 14.0% in the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after acquiring an additional 791,600 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Dollar General by 39.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,942,230 shares of the company’s stock valued at $180,646,000 after acquiring an additional 553,461 shares in the last quarter. Finally, Jackson Square Partners LLC boosted its holdings in Dollar General by 12.3% in the third quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after acquiring an additional 415,584 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.
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Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.
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