Dollar General (NYSE:DG) had its target price lifted by equities researchers at Credit Suisse Group from $93.00 to $99.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential downside of 0.13% from the stock’s current price.
Several other research firms have also weighed in on DG. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Royal Bank of Canada dropped their price target on Dollar General to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 14th. Loop Capital boosted their target price on Dollar General from $87.00 to $97.00 and gave the stock a “hold” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Morgan Stanley set a $121.00 target price on Dollar General and gave the stock a “buy” rating in a report on Friday, March 16th. Finally, Raymond James reissued an “outperform” rating and issued a $105.00 target price (down from $110.00) on shares of Dollar General in a report on Monday, April 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $96.73.
Shares of Dollar General stock opened at $99.13 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.23 and a current ratio of 1.65. The company has a market capitalization of $26.40 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.10 and a beta of 0.98. Dollar General has a one year low of $68.69 and a one year high of $105.82.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 31st. The company reported $1.36 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.04). The company had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Dollar General had a return on equity of 22.40% and a net margin of 6.77%. Dollar General’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. equities analysts expect that Dollar General will post 6.06 EPS for the current fiscal year.
Dollar General declared that its Board of Directors has approved a share repurchase plan on Thursday, March 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In related news, SVP Anita C. Elliott sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $100.87, for a total transaction of $302,610.00. Following the completion of the transaction, the senior vice president now directly owns 11,313 shares of the company’s stock, valued at $1,141,142.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Anita C. Elliott sold 1,892 shares of the stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $95.75, for a total value of $181,159.00. Following the transaction, the chief accounting officer now directly owns 14,313 shares of the company’s stock, valued at $1,370,469.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,766 shares of company stock valued at $2,477,591. 0.41% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. purchased a new stake in Dollar General during the fourth quarter valued at approximately $142,000. Premia Global Advisors LLC purchased a new stake in Dollar General during the fourth quarter valued at approximately $195,000. D.A. Davidson & CO. purchased a new stake in Dollar General during the first quarter valued at approximately $202,000. Icon Wealth Partners LLC purchased a new stake in Dollar General during the fourth quarter valued at approximately $203,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of Dollar General in the first quarter worth approximately $209,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
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, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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