Raymond James Reiterates “Outperform” Rating for Dollar General (DG)

Raymond James reaffirmed their outperform rating on shares of Dollar General (NYSE:DG) in a research note published on Monday morning, MarketBeat.com reports. They currently have a $105.00 price objective on the stock, down from their previous price objective of $110.00.

DG has been the topic of a number of other research reports. ValuEngine cut Dollar General from a buy rating to a hold rating in a research report on Thursday, March 1st. Morgan Stanley set a $121.00 price target on Dollar General and gave the company a buy rating in a research report on Friday, March 16th. Citigroup started coverage on Dollar General in a research report on Tuesday, January 16th. They set an outperform rating and a $112.00 price target on the stock. Oppenheimer started coverage on Dollar General in a research report on Wednesday, January 17th. They set an outperform rating and a $112.00 price target on the stock. Finally, Wells Fargo reaffirmed an outperform rating and set a $113.00 price target (down previously from $117.00) on shares of Dollar General in a research report on Tuesday, February 27th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $96.70.

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DG stock opened at $99.00 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 1.43. Dollar General has a 1-year low of $65.97 and a 1-year high of $105.82. The firm has a market capitalization of $27,121.05, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The business had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. research analysts predict that Dollar General will post 6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be issued a dividend of $0.29 per share. This is a boost from Dollar General’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, April 9th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. Dollar General’s dividend payout ratio is 25.84%.

Dollar General declared that its Board of Directors has authorized a share repurchase program on Thursday, March 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In other Dollar General news, SVP Anita C. Elliott sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $100.87, for a total value of $302,610.00. Following the transaction, the senior vice president now directly owns 11,313 shares in the company, valued at approximately $1,141,142.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Kindy sold 8,221 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $93.05, for a total value of $764,964.05. Following the completion of the transaction, the senior vice president now owns 9,850 shares in the company, valued at $916,542.50. The disclosure for this sale can be found here. Insiders sold a total of 22,987 shares of company stock worth $2,242,255 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC bought a new position in Dollar General in the 4th quarter worth about $130,000. Calton & Associates Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $144,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $142,000. Premia Global Advisors LLC bought a new position in shares of Dollar General during the 4th quarter valued at about $195,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Dollar General by 104.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after purchasing an additional 1,102 shares during the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

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Dollar General Company Profile

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 comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

Analyst Recommendations for Dollar General (NYSE:DG)

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