Dollar General Corp. (NYSE:DG) Given Average Rating of “Buy” by Brokerages

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Shares of Dollar General Corp. (NYSE:DG) have been given an average rating of “Buy” by the twenty-four research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $165.00.

DG has been the topic of a number of recent research reports. Piper Jaffray Companies boosted their target price on Dollar General from $137.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Citigroup lifted their price target on Dollar General from $148.00 to $184.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. KeyCorp set a $180.00 price target on Dollar General and gave the company a “buy” rating in a research note on Friday, August 30th. Credit Suisse Group increased their price objective on Dollar General from $130.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Guggenheim restated a “buy” rating and issued a $165.00 price objective on shares of Dollar General in a report on Monday, December 2nd.

Shares of DG opened at $154.72 on Monday. The company has a market capitalization of $39.87 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.10 and a beta of 0.51. Dollar General has a fifty-two week low of $98.08 and a fifty-two week high of $166.98. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.12 and a quick ratio of 0.12. The business’s 50-day moving average is $159.63 and its 200-day moving average is $146.85.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.04. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a net margin of 6.09% and a return on equity of 25.53%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Equities research analysts expect that Dollar General will post 6.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Monday, January 6th. Dollar General’s payout ratio is 21.44%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hudock Capital Group LLC acquired a new position in Dollar General in the 3rd quarter valued at $28,000. San Francisco Sentry Investment Group CA lifted its position in Dollar General by 41.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 222 shares of the company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in Dollar General by 346.2% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 290 shares of the company’s stock worth $46,000 after acquiring an additional 225 shares during the last quarter. Sandy Spring Bank boosted its holdings in Dollar General by 50.0% during the second quarter. Sandy Spring Bank now owns 300 shares of the company’s stock valued at $41,000 after acquiring an additional 100 shares during the period. Finally, Doyle Wealth Management bought a new stake in Dollar General during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Analyst Recommendations for Dollar General (NYSE:DG)

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