Dollar General (DG) Sets New 1-Year High at $90.74

Dollar General Corp. (NYSE:DG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $90.74 and last traded at $87.98, with a volume of 3151800 shares traded. The stock had previously closed at $88.08.

A number of analysts recently weighed in on DG shares. Jefferies Group boosted their target price on Dollar General from $68.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, September 1st. Bank of America restated a “buy” rating and issued a $90.00 target price on shares of Dollar General in a research report on Friday, August 25th. Raymond James Financial restated a “buy” rating on shares of Dollar General in a research report on Sunday. BMO Capital Markets set a $85.00 target price on Dollar General and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Finally, KeyCorp restated a “hold” rating on shares of Dollar General in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $82.93.

The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. The firm has a market cap of $24,800.00, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a return on equity of 22.67% and a net margin of 5.38%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. equities analysts predict that Dollar General Corp. will post 4.5 earnings per share for the current year.

In related news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Sun Life Financial INC grew its stake in shares of Dollar General by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $146,000 after acquiring an additional 48 shares during the last quarter. Welch Group LLC grew its stake in shares of Dollar General by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Dollar General by 22,950.0% in the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of Dollar General in the third quarter worth $195,000. 89.90% of the stock is currently owned by institutional investors.

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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.

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