Dollar General (NYSE:DG) had its price target increased by analysts at Loop Capital from $87.00 to $97.00 in a research note issued to investors on Thursday, March 15th, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price target points to a potential upside of 2.14% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other research firms have also issued reports on DG. Oppenheimer initiated coverage on Dollar General in a research note on Wednesday, January 17th. They set an “outperform” rating and a $112.00 price objective for the company. UBS reiterated a “buy” rating and set a $99.00 price objective (up from $85.00) on shares of Dollar General in a research note on Monday, December 4th. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Moffett Nathanson assumed coverage on Dollar General in a report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Deutsche Bank increased their target price on Dollar General to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Twelve analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $98.00.
Shares of NYSE DG traded down $1.43 during trading hours on Thursday, reaching $94.97. The stock had a trading volume of 2,760,408 shares, compared to its average volume of 3,137,070. The company has a current ratio of 1.43, a quick ratio of 0.22 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $25,790.43, a price-to-earnings ratio of 21.15, a PEG ratio of 1.08 and a beta of 1.02. Dollar General has a twelve month low of $65.97 and a twelve month high of $105.82.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the company posted $1.49 earnings per share. Dollar General’s revenue was up 2.0% on a year-over-year basis. research analysts anticipate that Dollar General will post 6.01 earnings per share for the current fiscal year.
Dollar General declared that its board has initiated a stock repurchase plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, SVP Michael J. Kindy sold 8,221 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $93.05, for a total value of $764,964.05. Following the transaction, 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 available through this hyperlink. 0.22% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in DG. Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 buying an additional 10,167,321 shares during the period. Orbis Allan Gray Ltd acquired a new position in Dollar General in the fourth quarter valued at about $194,984,000. Capital International Investors lifted its stake 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 buying an additional 791,600 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake 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 buying an additional 553,461 shares during the period. Finally, Jackson Square Partners LLC lifted its stake 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 buying an additional 415,584 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.
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About Dollar General
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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