Dollar General Corp. (NYSE:DG)’s share price hit a new 52-week high on Monday . The stock traded as high as $120.33 and last traded at $119.00, with a volume of 2372646 shares changing hands. The stock had previously closed at $118.52.
DG has been the topic of several analyst reports. Credit Suisse Group set a $108.00 price objective on shares of Dollar General and gave the company a “hold” rating in a report on Monday, November 26th. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. ValuEngine lowered shares of Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Citigroup cut their price objective on shares of Dollar General from $133.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, December 10th. Finally, Morgan Stanley set a $115.00 price objective on shares of Dollar General and gave the company a “buy” rating in a report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.58.
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The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72.
Dollar General (NYSE:DG) last posted its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. On average, equities research analysts expect that Dollar General Corp. will post 6.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Monday, January 7th. Dollar General’s dividend payout ratio is 25.84%.
In other news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the completion of the sale, the executive vice president now owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of DG. BlackRock Inc. grew its position in Dollar General by 13.9% in the fourth quarter. BlackRock Inc. now owns 22,207,042 shares of the company’s stock valued at $2,400,135,000 after purchasing an additional 2,709,334 shares in the last quarter. Vanguard Group Inc. lifted its stake in Dollar General by 2.0% in the third quarter. Vanguard Group Inc. now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after acquiring an additional 370,008 shares during the last quarter. Vanguard Group Inc lifted its stake in Dollar General by 2.0% in the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after acquiring an additional 370,008 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Dollar General by 10,128.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after acquiring an additional 9,656,820 shares during the last quarter. Finally, Polen Capital Management LLC lifted its stake in Dollar General by 1.5% in the fourth quarter. Polen Capital Management LLC now owns 7,155,529 shares of the company’s stock valued at $773,370,000 after acquiring an additional 105,776 shares during the last quarter. 99.48% of the stock is owned by institutional investors.
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Dollar General Company Profile (NYSE:DG)
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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