Truist Financial Initiates Coverage on Dollar General (NYSE:DG)

Truist Financial began coverage on shares of Dollar General (NYSE:DG) in a note issued to investors on Thursday, Briefing.com reports. The brokerage set a “hold” rating on the stock.

Several other brokerages also recently issued reports on DG. Deutsche Bank Aktiengesellschaft reduced their price objective on Dollar General from $254.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, December 3rd. Morgan Stanley raised their price target on Dollar General from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $250.00 price target on shares of Dollar General in a research note on Friday, December 3rd. Finally, Wells Fargo & Company downgraded Dollar General from an “overweight” rating to an “equal weight” rating and set a $220.00 price target for the company. in a research note on Thursday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Buy” and a consensus target price of $241.48.

Shares of DG stock opened at $217.08 on Thursday. Dollar General has a fifty-two week low of $173.50 and a fifty-two week high of $240.14. The stock has a market capitalization of $50.30 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.83 and a beta of 0.50. The company has a quick ratio of 0.15, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $225.61 and a 200 day simple moving average of $223.65.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 2nd. The company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.01 by $0.07. Dollar General had a return on equity of 38.74% and a net margin of 7.19%. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.50 billion. During the same period in the prior year, the business posted $2.31 earnings per share. Dollar General’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar General will post 10.17 earnings per share for the current year.

Dollar General declared that its board has initiated a share repurchase plan on Thursday, December 2nd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other news, CFO John W. Garratt sold 29,412 shares of the business’s stock in a transaction dated Friday, December 3rd. The stock was sold at an average price of $223.30, for a total value of $6,567,699.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patricia Filikrushel sold 876 shares of the business’s stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $222.34, for a total value of $194,769.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 367,744 shares of company stock valued at $81,330,122. Insiders own 0.73% of the company’s stock.

Several institutional investors have recently modified their holdings of DG. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Dollar General by 6.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,275 shares of the company’s stock valued at $15,640,000 after purchasing an additional 4,481 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in Dollar General by 19.3% during the second quarter. Rafferty Asset Management LLC now owns 6,715 shares of the company’s stock worth $1,453,000 after acquiring an additional 1,084 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Dollar General by 13.0% during the second quarter. Rockefeller Capital Management L.P. now owns 21,978 shares of the company’s stock worth $4,755,000 after acquiring an additional 2,533 shares in the last quarter. Van ECK Associates Corp raised its holdings in Dollar General by 27.4% during the second quarter. Van ECK Associates Corp now owns 62,699 shares of the company’s stock worth $13,568,000 after acquiring an additional 13,467 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV raised its holdings in Dollar General by 45.8% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,663 shares of the company’s stock worth $576,000 after acquiring an additional 836 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Dollar General Company Profile

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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Analyst Recommendations for Dollar General (NYSE:DG)

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