Analysts’ Recent Ratings Changes for Dollar General Corp. (DG)

Dollar General Corp. (NYSE: DG) has recently received a number of price target changes and ratings updates:

  • 3/17/2017 – Dollar General Corp. had its price target lowered by analysts at Guggenheim to $85.00.
  • 3/17/2017 – Dollar General Corp. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $68.00 price target on the stock.
  • 3/14/2017 – Dollar General Corp. had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $76.00 price target on the stock.
  • 3/13/2017 – Dollar General Corp. had its “in-line” rating reaffirmed by analysts at Guggenheim. They now have a $90.00 price target on the stock.
  • 3/10/2017 – Dollar General Corp. was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating. They now have a $75.00 price target on the stock, down previously from $83.00.
  • 3/6/2017 – Dollar General Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Dollar General’s shares have been hit hard lately due to price deflation and the reduction in SNAP benefits that are weighing on comparable-store sales performance. Further, back-to-back lower-than-expected results also hurt investor sentiment. In the past three months, the stock has underperformed the industry. After witnessing a negative earnings surprise 0.9% in second-quarter fiscal 2016, it again missed the estimate in the third quarter by 3.3%. Moreover, this was the 13th straight quarter, when the company’s net sales have fallen short of the Zacks Consensus Estimate. However, what came as a respite was the year-over-year growth in the top line. We believe Dollar General’s commitment toward better price management, merchandise, cost containment and operational initiatives bode well. The company’s model includes earnings per share annual growth target of 10–15% and net sales increase of 7–10%.”
  • 3/2/2017 – Dollar General Corp. was given a new $69.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 2/22/2017 – Dollar General Corp. had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $83.00 price target on the stock.
  • 2/6/2017 – Dollar General Corp. is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $91.00 price target on the stock.
  • 1/31/2017 – Dollar General Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Dollar General has underperformed the Zacks categorized industry in the past six months primarily due to back-to-back lower-than-expected results. After witnessing a negative earnings surprise in the second quarter, it again missed the estimate in the third quarter. The company posted adjusted earnings of $0.89 per share that slid 1.1% and also fell short of the Zacks Consensus Estimate of $0.92. Soft comps performance on account of deflation in retail food price across perishable items, fall in both SNAP participation rates and benefit levels have hurt Dollar General’s performance. However, what came as a respite was the year-over-year growth in the top line. We believe Dollar General’s commitment toward better price management, merchandise, cost containment and operational initiatives bode well. The company’s model includes earnings per share annual growth target of 10–15% and net sales increase of 7–10%.”

Shares of Dollar General Corp. (NYSE:DG) traded down 1.01% on Monday, hitting $71.60. 2,831,921 shares of the stock traded hands. The firm’s 50 day moving average is $74.30 and its 200-day moving average is $73.14. Dollar General Corp. has a 12 month low of $66.50 and a 12 month high of $96.88. The company has a market cap of $19.78 billion, a PE ratio of 16.80 and a beta of 0.84.

Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, March 16th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.08. The firm earned $6.01 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Dollar General Corp. had a return on equity of 22.79% and a net margin of 5.70%. Dollar General Corp.’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. Equities analysts predict that Dollar General Corp. will post $4.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 11th will be given a $0.26 dividend. The ex-dividend date is Friday, April 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost from Dollar General Corp.’s previous quarterly dividend of $0.25. Dollar General Corp.’s dividend payout ratio (DPR) is currently 23.53%.

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.

5 Day Chart for NYSE:DG

Receive News & Ratings for Dollar General Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.