BMO Capital Markets Initiates Coverage on Dollar General (DG)

BMO Capital Markets initiated coverage on shares of Dollar General (NYSE:DG) in a report issued on Thursday morning, MarketBeat.com reports. The firm issued an outperform rating and a $115.50 target price on the stock.

Several other research analysts have also issued reports on DG. Buckingham Research initiated coverage on shares of Dollar General in a report on Tuesday, September 25th. They set a buy rating and a $125.00 price target for the company. Zacks Investment Research upgraded shares of Dollar General from a hold rating to a buy rating and set a $118.00 price target for the company in a report on Thursday, October 4th. UBS Group restated a buy rating and set a $120.00 price target (up previously from $110.00) on shares of Dollar General in a report on Monday, October 15th. Credit Suisse Group set a $108.00 price target on shares of Dollar General and gave the stock a hold rating in a report on Monday, November 26th. Finally, ValuEngine lowered shares of Dollar General from a buy rating to a hold rating in a report on Wednesday, December 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $111.61.

Dollar General stock opened at $116.06 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.22. Dollar General has a 52-week low of $85.54 and a 52-week high of $118.45. The company has a market cap of $30.36 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.35 and a beta of 0.76.

Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the business earned $0.93 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Analysts forecast that Dollar General will post 6.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. Dollar General’s dividend payout ratio is currently 25.84%.

In other news, EVP Robert D. Ravener sold 32,492 shares of Dollar General stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the sale, the executive vice president now owns 33,307 shares in the company, valued at approximately $3,718,060.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DG. Advocacy Wealth Management Services LLC grew its position in Dollar General by 96.4% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after purchasing an additional 133 shares during the period. Carroll Financial Associates Inc. grew its position in Dollar General by 70.5% in the 4th quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock valued at $83,000 after purchasing an additional 304 shares during the period. North Star Investment Management Corp. grew its position in Dollar General by 28.0% in the 4th quarter. North Star Investment Management Corp. now owns 960 shares of the company’s stock valued at $104,000 after purchasing an additional 210 shares during the period. SRS Capital Advisors Inc. acquired a new stake in Dollar General in the 3rd quarter valued at $107,000. Finally, Signaturefd LLC grew its position in Dollar General by 74.0% in the 3rd quarter. Signaturefd LLC now owns 1,521 shares of the company’s stock valued at $166,000 after purchasing an additional 647 shares during the period. Institutional investors own 95.04% of the company’s stock.

About Dollar General

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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