Several other research analysts have also recently issued reports on DG. BMO Capital Markets set a $85.00 target price on shares of Dollar General and gave the stock a hold rating in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of Dollar General from a buy rating to a hold rating in a report on Wednesday, August 23rd. Loop Capital reissued a hold rating and set a $76.00 target price on shares of Dollar General in a report on Thursday, August 24th. Bank of America reissued a buy rating and set a $90.00 target price on shares of Dollar General in a report on Friday, August 25th. Finally, BidaskClub raised shares of Dollar General from a hold rating to a buy rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Dollar General currently has a consensus rating of Hold and an average price target of $85.54.
Dollar General (DG) traded up $0.01 during midday trading on Friday, hitting $93.38. 2,522,206 shares of the company’s stock were exchanged, compared to its average volume of 2,959,679. The stock has a market capitalization of $25,358.64, a PE ratio of 20.30, a P/E/G ratio of 1.86 and a beta of 0.96. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The company has a current ratio of 1.41, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.11%. Dollar General’s dividend payout ratio is presently 23.01%.
In related news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Veritable L.P. grew its position in Dollar General by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock valued at $346,000 after buying an additional 35 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares during the period. Homrich & Berg grew its position in shares of Dollar General by 2.2% in the second quarter. Homrich & Berg now owns 4,379 shares of the company’s stock valued at $316,000 after purchasing an additional 93 shares during the period. Condor Capital Management grew its position in shares of Dollar General by 0.9% in the second quarter. Condor Capital Management now owns 14,292 shares of the company’s stock valued at $1,030,000 after purchasing an additional 126 shares during the period. Finally, Financial Enhancement Group LLC grew its position in shares of Dollar General by 4.1% in the second quarter. Financial Enhancement Group LLC now owns 3,276 shares of the company’s stock valued at $236,000 after purchasing an additional 128 shares during the period. Institutional investors own 89.90% of the company’s stock.
About Dollar General
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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