BMO Capital Markets began coverage on shares of Dollar General (NYSE:DG) in a report issued on Thursday morning, MarketBeat reports. The firm issued an outperform rating and a $115.50 target price on the stock.
A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Dollar General to $123.00 and gave the company an overweight rating in a research report on Wednesday. Morgan Stanley set a $115.00 price target on Dollar General and gave the company a buy rating in a research report on Wednesday, December 26th. ValuEngine upgraded Dollar General from a hold rating to a buy rating in a research report on Wednesday, December 26th. Citigroup lowered their price target on Dollar General from $133.00 to $120.00 and set a buy rating on the stock in a research report on Monday, December 10th. Finally, Credit Suisse Group set a $108.00 price target on Dollar General and gave the company a hold rating in a research report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $111.61.
NYSE:DG traded down $0.46 during trading hours on Thursday, reaching $116.06. The company had a trading volume of 2,060,847 shares, compared to its average volume of 2,627,156. Dollar General has a one year low of $85.54 and a one year high of $118.45. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.22.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s payout ratio is presently 25.84%.
In related news, EVP Robert D. Ravener sold 32,492 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the transaction, the executive vice president now owns 33,307 shares in the company, valued at $3,718,060.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Cornerstone Investment Partners LLC boosted its holdings in Dollar General by 32.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 666,657 shares of the company’s stock valued at $72,052,000 after acquiring an additional 163,407 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in Dollar General by 70.5% in the fourth quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock valued at $83,000 after buying an additional 304 shares during the period. Fenimore Asset Management Inc. lifted its stake in Dollar General by 0.6% in the fourth quarter. Fenimore Asset Management Inc. now owns 360,091 shares of the company’s stock valued at $38,919,000 after buying an additional 2,306 shares during the period. First Hawaiian Bank lifted its stake in Dollar General by 93.7% in the fourth quarter. First Hawaiian Bank now owns 13,566 shares of the company’s stock valued at $1,466,000 after buying an additional 6,563 shares during the period. Finally, Hexavest Inc. lifted its stake in Dollar General by 4.2% in the fourth quarter. Hexavest Inc. now owns 505,778 shares of the company’s stock valued at $54,664,000 after buying an additional 20,354 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.
About Dollar General
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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