Dollar General Corporation (DG) Rating Reiterated by Royal Bank Of Canada

Dollar General Corporation (NYSE:DG)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday. They currently have a $85.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 2.98% from the stock’s previous close.

Several other analysts have also weighed in on DG. Deutsche Bank AG reiterated a “hold” rating and set a $78.00 target price on shares of Dollar General Corporation in a research report on Tuesday, July 4th. BidaskClub lowered shares of Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and set a $68.00 target price on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Buckingham Research reiterated a “neutral” rating and set a $75.00 target price on shares of Dollar General Corporation in a research report on Monday, August 7th. Finally, BMO Capital Markets set a $85.00 target price on shares of Dollar General Corporation and gave the company a “hold” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $80.79.

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue was up 8.1% compared to the same quarter last year.

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In related news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.22% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Veritable L.P. raised its stake in shares of Dollar General Corporation by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after buying an additional 35 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after buying an additional 48 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Dollar General Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after buying an additional 53 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after buying an additional 56 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Dollar General Corporation Company Profile

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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