Dollar General (DG) Given a $107.00 Price Target at Raymond James Financial

Raymond James Financial set a $107.00 price objective on Dollar General (NYSE:DG) in a research note released on Saturday morning. The brokerage currently has a buy rating on the stock.

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.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. sell-side analysts forecast that Dollar General will post 4.49 earnings per share for the current year.

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.

ILLEGAL ACTIVITY NOTICE: “Dollar General (DG) Given a $107.00 Price Target at Raymond James Financial” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/10/dollar-general-dg-given-a-107-00-price-target-at-raymond-james-financial.html.

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.

Analyst Recommendations for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit