BMO Capital Markets Initiates Coverage on Dollar General (DG)

BMO Capital Markets started coverage on shares of Dollar General (NYSE:DG) in a research note published on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating and a $115.50 price target on the stock.

Several other equities analysts have also weighed in on DG. Zacks Investment Research lowered shares of Dollar General from a buy rating to a hold rating in a research report on Wednesday, November 28th. Credit Suisse Group set a $108.00 price objective on shares of Dollar General and gave the company a hold rating in a research report on Monday, November 26th. Morgan Stanley set a $115.00 price objective on shares of Dollar General and gave the company a buy rating in a research report on Wednesday, December 26th. ValuEngine lowered shares of Dollar General from a buy rating to a hold rating in a research report on Wednesday, December 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar General to $123.00 and gave the company an overweight rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $111.61.

Shares of DG opened at $116.06 on Thursday. The stock has a market capitalization of $30.36 billion, a PE ratio of 25.85, a P/E/G ratio of 1.35 and a beta of 0.76. Dollar General has a fifty-two week low of $85.54 and a fifty-two week high of $118.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that Dollar General will post 6.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s dividend payout ratio is 25.84%.

In other Dollar General news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now directly owns 33,307 shares in the company, valued at $3,718,060.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Advocacy Wealth Management Services LLC grew its stake in Dollar General by 96.4% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock worth $29,000 after buying an additional 133 shares in the last quarter. Carroll Financial Associates Inc. grew its stake in Dollar General by 70.5% during the fourth quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock worth $83,000 after buying an additional 304 shares in the last quarter. North Star Investment Management Corp. grew its stake in Dollar General by 28.0% during the fourth quarter. North Star Investment Management Corp. now owns 960 shares of the company’s stock worth $104,000 after buying an additional 210 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Dollar General during the third quarter worth about $107,000. Finally, Signaturefd LLC grew its stake in Dollar General by 74.0% during the third quarter. Signaturefd LLC now owns 1,521 shares of the company’s stock worth $166,000 after buying an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Dollar General Company Profile

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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Analyst Recommendations for Dollar General (NYSE:DG)

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