Dollar General Corporation (DG) Rating Reiterated by Buckingham Research

Dollar General Corporation (NYSE:DG)‘s stock had its “neutral” rating reaffirmed by stock analysts at Buckingham Research in a research report issued to clients and investors on Monday, August 7th, MarketBeat reports. They presently have a $75.00 target price on the stock. Buckingham Research’s price target points to a potential upside of 1.60% from the company’s previous close.

DG has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “hold” rating and set a $78.00 price target on shares of Dollar General Corporation in a research note on Tuesday, July 4th. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research report on Thursday, June 1st. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, June 6th. Royal Bank Of Canada upped their price objective on shares of Dollar General Corporation from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, June 2nd. Finally, Johnson Rice upgraded shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Dollar General Corporation currently has an average rating of “Hold” and a consensus target price of $80.89.

Dollar General Corporation (NYSE DG) traded down 0.61% on Monday, hitting $73.82. 2,282,805 shares of the company’s stock were exchanged. The company has a market cap of $20.24 billion, a PE ratio of 16.69 and a beta of 0.93. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $92.01. The company’s 50-day moving average price is $73.20 and its 200-day moving average price is $72.75.

Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. Dollar General Corporation’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares in the last quarter. Longview Partners Guernsey LTD purchased a new stake in Dollar General Corporation during the second quarter valued at about $577,548,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after buying an additional 3,497,733 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Dollar General Corporation by 115.4% in the second quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock valued at $257,611,000 after buying an additional 1,914,303 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Dollar General Corporation by 1,959.3% in the second quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock valued at $122,980,000 after buying an additional 1,623,070 shares in the last quarter. 88.99% of the stock is currently 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.

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