Dollar General Corp. (DG) Receives $86.02 Average Price Target from Analysts

Shares of Dollar General Corp. (NYSE:DG) have been assigned an average recommendation of “Hold” from the twenty-eight analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $87.12.

A number of research analysts have issued reports on the stock. Buckingham Research raised their price target on shares of Dollar General from $93.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday. Raymond James Financial set a $107.00 price target on shares of Dollar General and gave the stock a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Telsey Advisory Group raised their price target on shares of Dollar General from $86.00 to $98.00 and gave the stock a “market perform” rating in a report on Friday, December 8th. Finally, BMO Capital Markets set a $102.00 price target on shares of Dollar General and gave the stock a “hold” rating in a report on Friday, December 8th.

In related news, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares in the company, valued at $686,869.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,916 shares of company stock valued at $1,924,881. 0.32% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in DG. Victory Capital Management Inc. grew its position in Dollar General by 14.9% during the second quarter. Victory Capital Management Inc. now owns 19,696 shares of the company’s stock valued at $1,420,000 after buying an additional 2,551 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Dollar General by 8.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 6,297 shares of the company’s stock valued at $454,000 after buying an additional 473 shares during the period. Oppenheimer & Co. Inc. grew its position in Dollar General by 96.8% during the second quarter. Oppenheimer & Co. Inc. now owns 6,736 shares of the company’s stock valued at $486,000 after buying an additional 3,314 shares during the period. Commonwealth Bank of Australia grew its position in Dollar General by 3.4% during the second quarter. Commonwealth Bank of Australia now owns 31,764 shares of the company’s stock valued at $2,289,000 after buying an additional 1,051 shares during the period. Finally, Franklin Resources Inc. grew its position in Dollar General by 38.2% during the second quarter. Franklin Resources Inc. now owns 7,429 shares of the company’s stock valued at $535,000 after buying an additional 2,055 shares during the period. Institutional investors own 90.23% of the company’s stock.

Shares of Dollar General (NYSE DG) traded up $3.41 on Monday, reaching $98.19. 2,929,200 shares of the company’s stock traded hands, compared to its average volume of 2,760,000. The firm has a market capitalization of $26,660.00, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. Dollar General has a 52 week low of $65.97 and a 52 week high of $98.33. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. Dollar General’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. research analysts anticipate that Dollar General will post 4.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued 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 dividend yield of 1.06%. Dollar General’s dividend payout ratio (DPR) is presently 23.06%.

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Dollar General 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.

Analyst Recommendations for Dollar General (NYSE:DG)

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