Dollar General Corporation (DG) Cut to Strong Sell at BidaskClub

BidaskClub downgraded shares of Dollar General Corporation (NYSE:DG) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, July 12th.

Several other equities research analysts have also weighed in on the company. Deutsche Bank AG restated a hold rating and issued a $78.00 target price on shares of Dollar General Corporation in a report on Tuesday, July 4th. Zacks Investment Research upgraded Dollar General Corporation from a hold rating to a buy rating and set a $80.00 target price for the company in a report on Wednesday, June 21st. Morgan Stanley restated an overweight rating and issued a $85.00 target price on shares of Dollar General Corporation in a report on Tuesday, June 6th. Barclays PLC restated a hold rating and issued a $76.00 target price on shares of Dollar General Corporation in a report on Friday, June 2nd. Finally, Johnson Rice upgraded Dollar General Corporation from an accumulate rating to a buy rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $80.89.

Dollar General Corporation (NYSE DG) traded up 0.37% during mid-day trading on Wednesday, reaching $76.69. 2,454,093 shares of the company were exchanged. The stock’s 50-day moving average is $71.92 and its 200-day moving average is $72.49. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $94.75. The company has a market cap of $21.03 billion, a P/E ratio of 17.34 and a beta of 0.93.

Dollar General Corporation (NYSE:DG) last announced its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Dollar General Corporation will post $4.50 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, July 7th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares in the last quarter. Vanguard Group Inc. raised its position in Dollar General Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock worth $1,206,329,000 after buying an additional 430,091 shares in the last quarter. Bank of New York Mellon Corp raised its position in Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after buying an additional 1,398,043 shares in the last quarter. Longview Partners Guernsey LTD acquired a new position in Dollar General Corporation during the second quarter worth approximately $577,548,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock worth $330,886,000 after buying an additional 3,497,733 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

About Dollar General Corporation

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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