Citigroup Inc. Boosts Dollar General Corporation (NYSE:DG) Price Target to $90.00

Dollar General Corporation (NYSE:DG) had its target price lifted by Citigroup Inc. from $87.00 to $90.00 in a research note published on Wednesday, September 13th, MarketBeat.com reports. Citigroup Inc. currently has a buy rating on the stock.

Several other research firms have also recently issued reports on DG. BidaskClub raised shares of Dollar General Corporation from a hold rating to a buy rating in a report on Friday, August 25th. Deutsche Bank AG reiterated a hold rating and set a $79.00 target price (up previously from $78.00) on shares of Dollar General Corporation in a research note on Saturday, June 3rd. Jefferies Group LLC reiterated a hold rating and set a $68.00 target price on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Dollar General Corporation from a buy rating to a hold rating in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada boosted their target price on shares of Dollar General Corporation from $81.00 to $85.00 and gave the company an outperform rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. Dollar General Corporation presently has a consensus rating of Hold and a consensus price target of $80.59.

Dollar General Corporation (NYSE:DG) opened at 77.66 on Wednesday. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The stock’s 50 day moving average price is $75.77 and its 200-day moving average price is $72.84. The stock has a market cap of $21.22 billion, a price-to-earnings ratio of 17.59 and a beta of 0.94.

Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts expect that Dollar General Corporation will post $4.51 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.

In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the business’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 transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its position in shares of Dollar General Corporation by 18,170.0% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares during the period. Alpha Windward LLC lifted its position in shares of Dollar General Corporation by 3.0% during the 2nd quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after acquiring an additional 56 shares during the period. Huntington National Bank lifted its position in shares of Dollar General Corporation by 4.0% during the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after acquiring an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar General Corporation by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares during the period. Finally, Harbour Capital Advisors LLC lifted its position in shares of Dollar General Corporation by 7,109.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock valued at $150,000 after acquiring an additional 10,664 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Dollar General Corporation 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 Corporation (NYSE:DG)

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